local real estate news, statistics, and commentary without the sales spin.
Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In May 2012 12.9% of the sales of single-family homes in King County were bank-owned. In May 2013 that number was just 6.4%. We’re still a little bit above the low of 5.7% set in November, but…
Looks like it’s that time again… Recent headlines have described an increase in mortgage interest rates from 3.35% to 4.0% with hyperbole like “Mortgage Rates Soar,” and “Soaring U.S. Mortgage Rates.” If this sounds familiar it’s because we heard the same nonsense when rates moved from 5.0% to 5.3% in 2010. These types of articles…
This poll was active 06.09.2013 through 06.15.2013
Totally unbiased commentary about "homebuyer regrets" from RE Booster Tom Kelly http://t.co/joSixCRiB9 (reader tip) -> Local real estate huckster Mike Mastro, on the lam in France, freed by the French government: http://t.co/qNzJoVLPdk via @seattletimes -> "7-story apartment project will revitalize Seattle's Japantown" http://t.co/Hagdb2Slpd via @PSBJ -> "Luxury condos at once-troubled Bellevue Towers finally nearing a…
Somehow I was directed this week to a recent opinion column by the Guardian’s “US finance and economics editor” Heidi Moore: Don’t be fooled by the false economic recovery Obviously, I love a good contrarian argument. Unfortunately, this piece is far from good. Take the consumer confidence numbers, which are measured every month by the…