Lesson of the housing bubble: If you pay your mortgage or pay rent, you are a chump. http://is.gd/b2oz9 # PSBJ: "WaMu shareholders wiped out" http://is.gd/b2x9h # 2,600-acre property that developer wanted to turn into 6,000 homes north of Monroe is in foreclosure. http://is.gd/b2xoN # Are fancy "professional credentials" likely to make you pick a full-cost…
Open House Traffic is Serious Business.
Posted a few hours ago on the Seattle Times: Realtors hold a special open-house weekend April 10-11 Anybody care to explain: A) Why REALTORS™ still get free advertising like this from local newspapers, even after years of crap like this (pdf “fact sheet” from 2006)? B) What the heck is that photo supposed to have…
March Stats Preview: Sudden Foreclosure Spike Edition
Now that March is behind us, let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line in the comments…
New Data Conclusively Proves April 2010 Is The Bottom
Just-released data on open house traffic, phone calls placed to realtors, and casual searches at online listing sites, all point to a single, undeniable conclusion: April 2010 is the bottom of Seattle’s minor real estate adjustment. Look at this highly reliable chart of OPEN HOUSE TRAFFIC©®™ sent to me by a trustworthy leading industry representative:…
Case-Shiller Tiers: All Three Tiers Hit a New Low
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…