The Seattle-area housing market gets some national attention in an article in today’s New York Times: While Wall Street is growing hopeful that the economy might dodge a recession, many economists warn that the pain in the housing market may last for several years. Even local markets like Seattle, which once seemed immune to the…
Case-Shiller: Prices Still Falling (Even in Seattle)
The March Case-Shiller Home Price Index came in fairly close to, but slightly worse than the NWMLS statistics for the same month. Down 0.9% February to March. Down 4.4% YOY. According to Case-Shiller, home prices in Seattle have now declined a total of 7.3% from their July 2007 peak, and have retreated to just above…
Seattle’s Condo Market: Where are the buyers?
It’s official: The Seattle condo market has hit finally a wall. Here’s a little article from the Puget Sound Business Journal on Friday that goes into all the details: With more than 400 condominiums under construction in a faltering housing market, Seattle-based Vulcan Real Estate has decided to sweeten the deal for potential home buyers….
Gas Prices & Home Buying
With gas prices passing another big round number lately, there’s been a fair amount of talk about how the high price of fuel is affecting people’s daily lives. When it comes to the real estate market, common knowledge says that higher gas prices will hit home prices in the suburbs and exurbs, while helping to…
Fundraising Drive Day 5: Looking Forward
Time for another update on the fundraising drive. So far 39 people have donated a total of $885, putting us over 1/3 of the way to the goal. Thank you for your generosity! If just 65 more people were to donate $25 each, the goal would be reached. Please consider making a donation if you…