In the comments on yesterday’s post, reader “Topdog” posed the following question: So the Fed stops playing funny money, lets interest float to market rate. Lets say a reasonable 3% premium plus the 3% inflation premium which puts high quality new mortgages at about 6%. How does that affect buyer affordability? That’s a question we…
Non-Distressed Median Price Up 2.1% from August 2011
Here’s a follow-up to the breakdown of prices by distress status, first posted on these pages in July. As of August, the non-distressed median price for King County single family home sales sits at $423,900, up 2.1% from a year earlier. This down slightly from July’s increase of 2.5%, but the last four months have…
Bank-Owned Sales Fall to Lowest Point Since April ’09
The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO. This number peaked at 22.8% in February of this year and has been plummeting ever since. Meanwhile, the share of each month’s sales that were short…
Real Actual Listing Photos: Eagle Eye Edition
It’s time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary. The idea for this series…
Poll: Local Home Owners: How much is your monthly PITI payment?
This poll was active 09.16.2012 through 09.22.2012