via @SeattleTimes – Downtown buildings' owner misses loan's $154M balloon payment http://bit.ly/aA2dfk # Research I did @Redfin shows that banks have not slowed their pace of listing REOs on the market: http://on.wsj.com/9L6pNT # Am I the only one who finds this headline to be hilarious? "Mortgage rates jump to 4.39%" http://bit.ly/cAHXuc # via @SeattleTimes –…
Friday Flashback: “Four offers instead of six”
Here are a few excerpts from an amusing series of radio reports that aired on KIRO in August 2005, the same month I started Seattle Bubble. Conway: “We’re growing twice as fast as the nation, and that-that will certainly act as a buffer. If we-if we do see a downturn in the housing market, it…
Is 1998 Price + Inflation a Fair Home Valuation Method?
Yesterday TheHulk brought up an interesting idea in the comments: Whenever I look at listings online, for older houses (aka houses built before 2000), in my mind I make up a figure on what that house price should be today. My stupid back-of-the-envelope calculation is as follows: Current price – 500K Last Sold – 250K…
Real Actual Listing Photos: Kendra Todd Edition
It’s time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary. The idea for this series…
Redfin: Market Still on Pause in October
Full disclosure: The Tim is employed by Redfin. Last week Redfin released their October market data. Here’s an excerpt from the narrative: “The majority of buyers I am working with are not in any hurry to purchase, but want to take advantage of the lower house values we see in the winter,” said Cheryl McLaine,…