Here's @SteveTytler's prediction for real estate in 2012: Still no bottom. http://t.co/rsTryYsg I guess "stair step" is dead. # "Equity Residential buys Lake Union parcel" http://t.co/nQGVoYDr via @seattletimes # Too hilarious. RT @mikeindustries: "Seattle is objectively superior to the place you grew up." http://t.co/OJ7dyWt5 via @jcroft # Nice followup w/ @mikeindustries re: his house –…
Friday Flashback: “Give thanks that you bit the bullet”
I was just reminiscing with a friend about our old pal Elizabeth Rhodes, the Seattle Times’ former real estate reporter, when I came across this gem from July 2006, one year before Seattle homes hit their price peak, and the same month the Case-Shiller 20-city composite hit its peak: Local homes: Investments that just keep…
December Reporting Roundup: Corner-Turning 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: "Healthy marketplaces"…
NWMLS: Scott/Jacobi Bottom-Calling Euphemism Contest
December market stats were published by the NWMLS this afternoon. Here’s their press release: “Healthy marketplaces” emerging with shrinking inventory, favorable financing “All over we are seeing healthy marketplaces emerge as the inventory levels drop,” said J. Lennox Scott, CEO and chairman of John L. Scott Real Estate. “As you get closer to the job…
Cheapest Homes: January 2012 Edition
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…