How many Windermere agents does it take… http://t.co/Q4lYh4qf # Where can I buy one of these? Perfect housing bubble art piece. http://t.co/HJvW05kO # Seattle homebuyers that jumped into the market to snag the $8k tax credit have lost over $30k in home value so far. http://t.co/OUrJFIyy # Mastro bankruptcy trustee gets $35.8M in judgments http://t.co/77jqIoLb…
Affordability Hits Record High on Low Rates & Price Drops
Here’s a headline from the Seattle Times that’s sure to get some attention: King County housing-affordability index best in 17 years Thanks to declining prices and record-low interest rates, houses in King County are more affordable now than they’ve been in at least 17 years, a new score card says. The county’s “housing affordability index”…
Local Factors Push Foreclosures to Unnatural Lows
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at September’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: October 2011 King: 376 NTS, down 71% YOY Snohomish: 159 NTS, down 78% YOY Pierce: 239 NTS, down 70% YOY Another…
Bottom Percentile Hits 50% Off Peak, Down 20% YoY
I realized last week that it has been almost exactly a year since I first posted the price percentile data. It’s way past time for an update to that data set. Here’s how I break down the price percentiles for these posts. Each bucket is a cutoff where some percentage of homes sold below that…
Guess the Price Round 3: A Familiar Ballard Home
We’re still awaiting the final results of Guess the Price Round 2 (the home went contingent on 09/29 at a list price of $569,900), but that doesn’t mean we can’t kick off Round 3, especially if the right house comes along… and wouldn’t you know it, the perfect house for a Seattle Bubble price-guessing contest…