local real estate news, statistics, and commentary without the sales spin.
Here’s an interesting flipping strategy that I haven’t seen before… On Monday I walked by a home 10th Ave East up on Capitol Hill. Here’s what it looked like a while back, via Google Street View: And here’s what it looks like now: The home sold last June for $826,000. So what are the new…
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…
Well, obviously I failed at making time to get this done on Friday, but that doesn’t mean we’re going to skip our monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats…
March market stats were published by the NWMLS yesterday. Here’s a snippet from their press release: NWMLS brokers report mixed results for March, but suggest only lack of inventory is holding back sales. Northwest Multiple Listing Service brokers reported rising prices on fewer sales during March compared to a year ago, citing inventory shortages as…
Let’s have a look at the jobs data for February and how the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. In February the Seattle area’s unemployment rate hit its lowest level since September 2008 at 5.1%. The national unemployment rate is still a bit higher at 6.7%, also roughly…