As you probably know, Zillow will be going public with an IPO later this year. They made a few headlines today (TechCrunch, GeekWire, TechFlash) with an annoucement that their initial target stock price will be $16-$18, putting the company’s valuation at $485 million. So here’s a weekend conversation starter for you: Will you be buying…
Foreclosures Establishing an Elevated Flatline
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at June’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2011 King: 924 NTS, down 33% YOY Snohomish: 463 NTS, down 38% YOY Pierce: 545 NTS, down 33% YOY Foreclosure…
The Shadow Inventory Next Door
I thought it might be interesting to share the saga of the house literally next door to me. Before we bought our house we noticed that the home next door had been foreclosed, but the now-former owners were still living there. Just last week they finally moved out. I decided to spend some time digging…
Real Estate Agents: Advocates, or Deadweight?
Rain City Guide, once a strong source of interesting locally-relevant real estate discussions, has been a lot less locally-focused since the housing bubble began to deflate, but lately things have been heating up a bit over there with some firely discussions about the value (or lack thereof) provided by real estate agents. Way back in…
Cheapest Homes: July 2011 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…