local real estate news, statistics, and commentary without the sales spin.
Let’s check in on how Consumer Confidence and mortgage interest rates fared during November. First up, here’s the Consumer Confidence data as of November: At 72.0, the Present Situation Index decreased 0.8% between October and November, but is up 25.4% from a year earlier. The Present Situation Index is currently up 256% from its December…
This poll was active 12.08.2013 through 12.14.2013
It’s time once again for the 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 your boat). To kick things off, here’s an excerpt from the NWMLS press release: Commenting on…
November market stats were published by the NWMLS yesterday. Here’s a snippet from their press release: Home sales "chugging along," as recovery continues, but brokers expect prices, mortgage rates to rise in 2014. Improving inventory, stabilizing prices, fewer short sales, and a healthy local economy are credited with keeping the real estate market “chugging along…
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…