Time to take a look at August market statistics from the NWMLS. Here’s the NWMLS press release: Northwest MLS brokers report brisk activity, multiple offers, "irrational delays" by lenders. Here’s your King County SFH summary, with helpful arrows to show whether the year-over-year direction of each indicator is positive or negative news for buyers and…
Cheapest Seattle Homes: September Edition
Let’s check in again on the cheapest homes around Seattle proper. For methodology and a brief explanation of the reasoning behind this series, hit the April post. Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of…
Fiduciary Standards in Lending and on Wall Street: Can it Work?
Question for discussion: In Washington State, can Loan Officers operate within the framework of a Fiduciary duty to their clients when the lending industry is structured with incentives that may be in conflict with the new standard? Jane Kim of the Wall Street Journal wrote an excellent article in this past weekend’s issue regarding Wall…
Should the MLS Ban Short Sales?
In the comment thread on yesterday’s post there was some discussion about the ever-growing gap between pending sales and closed sales. Here’s a simple look at how they stack up through July (since August stats aren’t out just yet): The massive difference between pending and closed sales brings up the question: Is there really a…
August Housing Market Stats Preview
Now that August is behind us, let’s have a look at the 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…