Here are a few recent articles of interest that I thought might be worth discussion. Calculated Risk: The upward slope of Real House Prices I don’t think we have to choose between real prices and price-to-rent graphs to ask “how far out of line are house prices?” I think they are both showing that prices…
What’s the Bright Spot in Today’s Market?
I had the privilege last night of moderating a panel discussion about local and national real estate for the Seattle Alternative Investment Association (SAIA). The panel consisted of: Stan Humphries, Zillow Chief Economist Tim Terrill, Chief Operating Officer of Walton Development and Management Karen Weaver, Head of Market Strategy and Research at Seer Capital The…
Schizo Price Drops on Seminary Campus in Tacoma
Some readers may recall this sprawling, 13,000-square-foot mansion for sale on a 9-acre estate down in Tacoma from an earlier post: Northwest Baptist Seminary: For sale in Tacoma As I pointed out to Curbed Seattle last week, the seminary campus recently had a massive $1,000,000 price drop—12.5% off the previous list price of $8,000,000. This…
Redfin: Sales, Inventory, and Prices All Still Falling
Full disclosure: The Tim is employed by Redfin. Last Wednesday Redfin released their April market data. Here’s an excerpt from the narrative (which I also wrote): “Buyers are excited to start looking for homes,” says Corey St John, a Redfin Capitol Hill Agent, “…until they see what’s available.” By this time of year, the selection…
Guess the Price Contest: We Have a Winner!
Recall the contest posted to these pages on December 14th: Guess the Price & Win Dinner on The Tim Let’s play a new game that I’m calling “Guess the Price.” Here’s how the game works. I’ll describe a home that’s currently on the market, giving you as many pros and cons as I can, and…