It’s time for our detailed look at June’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 584 NTS, down 9% YOY Snohomish: 349 NTS, down 10% YOY Pierce: 506 NTS, up 24% YOY Just as predicted, we’ve started to flip to year-over-year declines. This…
Interest Rate & Price Increases Quickly Killing Affordability
With the dramatic increase in mortgage interest rates that we’ve seen over the last few weeks, I thought that it now would be a good time to take another look at what the affordability numbers look like. As a reminder, the affordability index is based on three factors: median single-family home price as reported by…
Short Sales Bounce Back, Bank-Owned Stay Low
Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back…
Poll: You get to live rent-free in a downtown condo penthouse for a year. Which US city do you choose?
This poll was active 07.07.2013 through 07.13.2013
June Reporting Roundup: Late Hype Edition
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: Northwest MLS…