I was playing around with the sales data I’ve downloaded since April of last year when I noticed a noteworthy trend in the sales of new construction. If you split each month’s sales into new construction and re-sales, then look at the median prices of each group separately, an interesting pattern emerges. What I’ve plotted…
Is the “home as a profit engine” paradigm finally dying?
I recorded an interview with KIRO news radio yesterday that might be of some interest. The days of buying a house for profit may be gone https://seattlebubble.com/blog/wp-content/uploads/2010/08/KIRO-2010-08-24.mp3 An excerpt: If you’re looking for an investment, consider stocks and bonds, coins or comic books. The days of buying a house for big profit might be gone…
“Entry Level” Home Sales Fell Furthest in July
In order to get a little bit better of a feel for how the tax credit expiration is affecting the sales mix, let’s take another look at a histogram of single-family home sales in King County. To generate the chart below, I downloaded all the sales data for homes sold in King County from the…
How-To: Find Bank-Owned Homes
I received a few questions in the comments and via email last week about how to find bank-owned homes, so I thought I’d put together a little guide. For the purposes of this post, we’ll consider foreclosures in three stages: Pre-Foreclosure, Unlisted Bank-Owned, and On-Market Bank-Owned. Pre-Foreclosure A home in pre-foreclosure is one where the…
Poll: Renters Only: Why haven’t you bought a house?
This poll was active 08.22.2010 through 08.28.2010.