For anyone who wonders why I pay little to no attention to Forbes when it comes to real estate, here’s a little flashback from late November 2007, four months after home prices peaked in Seattle. Scaled-back lending practices, risky loans, oversupply and low demand continue to plague the nation’s housing markets, driving down prices and…
Happy Thanksgiving!
Happy Thanksgiving everybody. Enjoy the insane weather. I certainly never thought I’d see a white Thanksgiving in Seattle. I’m thankful that this site has been able to save a few people from ruining their financial lives by following the baseless hype spewed non-stop by most real estate agents, like this sign I photographed in 2006….
Thornton Place Throws in the Towel on Condo Sales
Anybody remember the Thornton Place condos at Northgate? Thornton Place’s 109 condos have been on the market since last summer. None has sold, and now the complex is nearly finished. “We were looking at what would get people off the fence,” said Jeff Cook, president and chief operating officer of Stellar Holdings, one of the…
October Housing Stats Around the Sound
Let’s have a look at October county-wide stats from around the sound. As usual, courtesy Tableau Software (available free to use online), the Around the Sound update is rocking sweet interactive data visualizations. Feel free to download the old charts in Excel 2007 and Excel 2003 format. To get specific info about a certain point…
The Housing Market “Sales Activity Pyramid”
Last week on the Twitter feed I linked to a post that my friend Lennox Scott put up on his blog titled First Time Buyers Are Key To Housing Market Recovery. Here’s a brief excerpt: In my travels around the country everyone wants to know what I think it will take to get the housing…