A reader suggested that a good way to visualize the current state of the local housing market would be to look at quarterly home sales. Here’s a chart of the total closed SFH sales in King County for every quarter we have data for from the NWMLS, back through 2000: Click to enlarge Note that…
Local economic news looking like national headlines
There were a couple of stories in the Seattle Times over the weekend pertaining to the health of the local economy. The first was an article on the commercial real estate market, highlighting a forecast for falling rents. Commercial real-estate brokers James Keating and Sean Barnes have one word of advice for their clients looking…
Working it Out in Different Price Ranges
I got a pair of emails this weekend that are worth discussion. Here’s a portion of the first: …we’re looking at buying a townhouse as a temporary place to stay. Our income is pretty good, more than 100k a year. But the math that’s involved in figuring out all the possibilities of whether its better…
Poll: The real estate business needs more…
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Today’s Slow Market “Is a Different Animal”
From an article on home staging in the Puget Sound Business Journal: For [Seattle home stager Jan] Sewell, who is also a Realtor with Windermere Real Estate and owner of her staging business since 1997, today’s market is unlike anything she has ever experienced. “I have been through a couple of slow markets in Seattle…