Okay this post is going to come across a little harsh, but seriously, I thought professional news outlets were supposed to be, you know, professional. However, they’re apparently letting five year old children write real estate news briefs in Federal Way: Median price of homes hits $519,000 The median price for homes in King County…
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Follow The Money
Did you catch this one in Saturday’s Seattle Times? For sale by owner? It’s no primrose path. Sometimes selling your own home is easy, especially in a hot market like Seattle. Sometimes it’s tough. Either way, it’s work.…While FSBOs might look great on the surface, industry experts and those who sold their own homes agree…
(Absolute) Inventory vs. Pending Sales
Here’s another question from a reader regarding inventory: I have a question about the “houses on the market” stat that you called the press to task on for not reporting. Is it an absolute measure or a relative measure? Because certainly hundreds of new houses came on the market last year- definitely enough such that…
What’s Behind Seattle’s Low Inventory?
Here’s an email I received from a reader last week: Clearly Seattle (and many other cities) are lagging the hottest markets in the housing bubble burst and in Seattle at least one thing that’s perpetuating the bubble and keeping prices up is a remarkably low inventory. So the question is: why is inventory so low?…
Unignorable Slowdown In Tacoma
Surprise, surprise—Barbara Clements of the Tacoma News Tribune reports on a slowing market in Tacoma! If your home’s taking longer to sell, you’re not alone. Home prices are still going up, even though sales have dropped dramatically when compared with 2005. And now that it’s spring – prime home-shopping weather – more for-sale signs are…