One common refrain lately among real estate agents desperate to put a positive spin on the local market is that potential home buyers in the Seattle area are just being frightened by all the bad national news on the housing market. The local market is doing just fine, and would be even better if only…
Anemic Second Quarter Home Sales
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…
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