In a discussion last month where we discussed the relationship between gas prices and home purchase decisions, I made the following assertion: …mathematically the decision to move closer just because of higher gas prices doesn’t really make sense. In the last few days I’ve run across a few news articles that again make the contrary…
Poll: Do you personally know someone that has bought Seattle-area real estate as an “investment”?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 06.28.2008.
Link Roundup: Taxes, Fraud, & Layoffs (oh my)
There have been a lot of local real estate stories this week that are worth mentioning, but aren’t big enough to merit their own post. So it’s time for another link roundup. Tax Assessments & Government Revenue First up, while tax assessments may be falling in Pierce and Snohomish, it looks like they’re still on…
Does Record Inventory == Larger Selection?
I received a question recently from a reader that can basically be boiled down to “does record-high inventory really equate to the ‘larger selection’ that real estate agents have been touting recently?” Here is their reasoning for asking: Let’s say (just making numbers up here) that during the boom years 10 houses with your parameters…
Housing Slowdown Begins to Trash Local Economy
It looks like the housing bust may have finally caught up to us up here in the Northwest. According to the latest data from the Employment Security Department, unemployment in the Seattle metro area jumped 7/10 of a point last month alone. Here’s an excerpt from the Seattle Times: Unemployment in Washington state took its…