Recall the price-guessing contest posted to these pages on July 20th: Guess the Price Round 2: Capitol Hill Remodel Flip Today’s “Guess the Price” guest star is 1520 24th Ave E in Seattle. With a current asking price of $649,000, this home has been on the market for 18 days, and is neither bank-owned nor…
Fishy NWMLS Sales “Increase” in November
Full disclosure: The Tim is employed by Redfin. I noticed something a little fishy in last month’s sales numbers from the NWMLS. See if you can spot it in the closed sales chart: Notice how the number of closed sales ticked up between October and November this year, when every other year there was a…
Poll: What’s your favorite style of house?
This poll was active 12.18.2011 through 12.24.2011.
Weekly Twitter Digest (Link Roundup) for 2011-12-17
Such specificity! "Apartment vacancies expected to fall, then rise" http://t.co/1IFk7l1I # "WaMu's former leaders reportedly settle FDIC suit" http://t.co/VQtd1k4Z via @seattletimes # RT @jontalton: WaMu getting away with it http://t.co/GhkoTSle # From a reader: Bubble houses! http://t.co/7Y6XsnvA (Not the type of bubble we typically talk about.) # WaMu / Russell Investments Center up for sale…
Big Picture 2011: Unemployment and Foreclosures
To close out the week, let’s take an updated look at a couple of factors that are continuing to drag the local housing market down: unemployment and foreclosures. From 1990 through 2006, the average unemployment rate in King County was 4.9%. The unemployment rate is currently 7.9% (61% higher than the 1990-2006 average). Over that…