A few readers were questioning why I didn’t write up a full post last month on Moody’s forecast that U.S. home prices will rise 7.2% between today and 2014, with prices in Seattle rising 26% and Bremerton shooting up a whopping 45%. Here’s a brief excerpt from the August 3rd Bloomberg article about the forecast:…
Foreclosures Edge Down Slightly in August
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at August’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: August 2010 King: 1,214 NTS, up 97% YOY Snohomish: 628 NTS, up 91% YOY Pierce: 817 NTS, up 90% YOY Here’s…
They’re not making any more land… OR ARE THEY?
Okay, so maybe living in a converted bus isn’t for you. Maybe you want to own some actual land. One theory we’ve all heard over and over for why real estate is always a good long-term investment is that “they’re not making any more land.” As it turns out, “they” may not be making any…
Redfin: Summer Sales Slump Stretches On
Full disclosure: The Tim is employed by Redfin. Last night Redfin released their August market data. Here’s an excerpt from the narrative: Our agents are reporting a steady stream of low-ball offers hitting sellers across the board. “Low-ball offers are rolling off the tongue of touring clients,” says Kenny Whiteside, a Redfin field agent. ……
Real Actual Home Staging: Take 1
I spent some time yesterday afternoon browsing some open houses just for kicks—a first for me. While some of the homes I looked at were set up quite nicely (this one in particular—sweet retro styling), others left me wondering: What were they thinking? By “they” I mean both the home seller and the seller’s agent,…