A number of readers pointed out USA Today’s “Close to home” profile of the Seattle residential real estate market. There’s not a lot of substance to it, and this quote is almost the entire text: Seattle’s strict growth- management policies and an economic rebound are buffering the region’s real estate market from cooling trends. The…
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"Inventory is having an impact on prices"
It looks like the "spring selling season" didn’t pull Olympia out of its slump: This year’s larger inventory of South Sound homes for sale might be keeping homes on the market longer and slowing prices down. For the past four months, it has taken longer for homes to sell compared with last year. And for…
Ask The So-Called Expert
Spotted this one over at Ben Jones’ wonderful Housing Bubble Blog: Question: I’m remodeling a rental home that I plan to sell, but I’m worried that the housing market might go bust before I finish the renovations. Someone suggested I put it on the market before it’s finished, but I’m not sure this is a…
Government Hinders Affordable Housing
For all the grandstanding that Seattle’s city government loves to do about "affordable housing," you would think that they would want to make it as easy as possible for builders to actually build housing. Of course, if you think that, you’re quite wrong. "We must dramatically increase access to decent, affordable housing," said Mayor Greg…
Bubble-Screening Real Estate Agents
A comment from reader seattle price drop in yesterday’s post got me thinking. In discussing what kind of research to do for an impending real estate purchase, spd suggested: Step 2) Interview several realtors. Do this with an eye to finding out who will be truthful and represent your interests well when the time comes…