Today’s Friday Flashback comes to us courtesy of John L. Scott (“Your Trusted Real Estate Resource”), who published this delightful “white paper” in early 2008, titled Why Now Is A Smart Time To Buy (pdf). Here are some selected excerpts: FACT: The housing market is undergoing a natural cyclical correction. …unlike what the media would…
Still Waiting for the Promised Surge in Interest Rates
I thought it might be worthwhile to take another updated look at mortgage rates. Here’s a chart of mortgage rates via the Federal Reserve over the last seven years. Latest rates came in at 3.88%, the lowest they have been as far back as the Federal Reserve’s data goes (early 1971). Here’s a chart of…
The Czech Sky (Disturbingly) Strikes Again
If you happen to be a reader of Redfin’s blog, or Geekwire, or Curbed Seattle, you may have seen a mention of Redfin’s “Men of I.T.” 2012 calendar this week. Okay, setting aside the somewhat disturbing nature of seeing our Data Center & Network Systems Manager Ken Brush in a giant bunny suit, something else…
18-Months Later, Reflections on “A House By The Park”
A few weeks ago I linked to Urbnlivn’s follow-up with Mike Davidson regarding his custom-built home near Discovery Park, mentioned on these pages back in 2009: Q&A with A House By The Park Today Mike posted his own follow-up on his own site that’s well worth reading: A Year And A Half After Moving In…
Inflation-Adjusted Commissions Up 25% From Pre-Boom
By request of ChrisM and Alex, I ran the commission numbers I posted Friday through an inflation-adjustment. The chart below plots the total yearly commissions on single-family home sales in King County in 2011 dollars, adjusted based on the Bureau of Labor Statistics Consumer Price Index for the Seattle area (series CUURA423SA0). After you adjust…