Claim: "Wealthy buyers return to luxury home market in Seattle, Bellevue" http://is.gd/UQRJKl via @TechFlash # via @jontalton Economy based on real estate is bust "The old boom ain't coming back." http://is.gd/nBRLX1 # via @pnwlocalnews "King County Assessor talks past, present and future property values in Kent and surrounding area" http://is.gd/1V4B6S # The @SeattleTimes says of…
March Reporting Roundup: Beneficial Heat 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). First up, let’s have a look at the source material from the NWMLS itself….
NWMLS: Sales Start to Tumble, Inventory Still Sucks
March market stats were published by the NWMLS yesterday. Here’s what they have to say about their numbers: Housing market doing "surprisingly well" without a stimulus. “The market is doing surprisingly well without a stimulus,” observed Northwest MLS director OB Jacobi, president of Windermere Real Estate Company. “Considering that this time last year there was…
King County Affordability at Levels Not Seen Since 1998
After spending a couple days looking at incomes and home prices, let’s throw interest rates into the mix as well with an updated look at affordability. As a brief refresher, here’s the formula for calculating the affordability index: While we discuss the broad county-wide affordability trends, don’t forget that you can also play around with…
Readers: Help Create a Seattle Repeat Sale Index
I’m working on an upcoming post where I’ll be analyzing repeat sales in different neighborhoods and cities around the Seattle area, and I could use your help. I’m looking data on any homes in the Seattle area that have sold in the last month or so (since March 1st) that also sold sometime prior to…