local real estate news, statistics, and commentary without the sales spin.
As promised yesterday, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of April, the non-distressed median price for King County single family home sales sits at $444,000, up 6.5% from a year earlier and up 3.3% from March. Last year the month-over-month…
Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t…
There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion…
This poll was active 05.12.2013 through 05.18.2013
NAR: "It’s time for 20- and 30-somethings to move out of their parent’s basement." BUY A HOME, YOU SLACKERS! http://t.co/KA0GfcTZiX -> "Former Mastro property in Redmond sells for $3.5 million" http://t.co/k9IWWZC7IW via @PSBJ -> .@The_Tim was on @KIRO7Seattle this week talking about the volatile condo market. Clip: http://t.co/frcFk6TEzF -> Is an increasing level of homeownership…