local real estate news, statistics, and commentary without the sales spin.
It’s been half a year since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at a long-overdue update to those charts. First up, here’s the Consumer Confidence data as of June: The overall Consumer Confidence Index currently sits at 101.4, up 7 percent in a month and…
As a follow-up to this morning’s post about the future of single-family housing in Seattle, here’s the final report from the Mayor’s “Housing Affordability and Livability Advisory Committee”: Seattle Housing Affordability and Livability Agenda (pdf) There are a few relevant portions of the report that address single-family zoning. From page 21 of the report: MF.1…
Remember a few months ago, when I suggested that single-family housing in Seattle would be on its way out soon? If Seattle’s population keeps growing, there is a hard housing reality that we’re going to have to face: the death of the single-family home. As of 2013, roughly 43 percent of Seattle’s housing stock is…
KUOW ran a story a couple days ago that I would like to address here: Thousands Of Foreclosures Sit Off Market In Seattle Area The Seattle-area housing market could use an injection of inventory. It’s on a tear right now, fueled by high demand and low supply, and hooked on low-interest rates. And there is…
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: “First time…