Jim Cramer, September 2007: Don’t you dare buy a home now. You will lose money. [Real estate agents complain, insist that real estate is regional, and there are some places where it is a good time to buy. Cramer responds…] Seattle, and 10005 are the only two. Maybe Montgomery County in Maryland. Three. That’s it….
News Brief: Local Unemployment Rate Resumes Climb
Just a quick update on the unemployment rate. According to data from the Washington State Employment Security Department, both statewide and King County unemployment have resumed their rise, pushing close to double-digits: After dropping from 7.9% to 7.0% from March to April, King County’s unemployment rate shot up a full point to (barely) reach a…
How-To Sell Your Home: Deep Clean to Make Your House Shine
A few weeks ago we kicked off a new series: How-To: Sell Your Home in a Down Market with an overview of the important factors that home sellers must address if they want to succeed in selling their homes in today’s market: Pricing Marketing Cleaning Extras Rather than tackling these in the above order of…
Poll: NBER will declare the current recession to have ended sometime in 2009.
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 06.20.2009.
The Consequences of a Market Full of Monthly Payment Buyers
Here’s a brief quote from a post that appeared here in 2006 titled The Monthly Payment Buyer: In my opinion, it’s no wonder that home prices have gotten so out of whack with true fundamentals, when the first question someone asks in the home buying process is not “Is this house worth $XXX,000?” but rather…