Let’s check in on the NWMLS statistics from around the sound. I realized this month that if I’m going to include Skagit County in the Puget Sound wrapup, I should probably include Island County as well. So from now on we’re looking at seven Puget Sound counties. I’d change the name of the site to…
Housing Crisis Not Over, Just Starting in Seattle
A couple people pointed out a piece in the Wall Street Journal yesterday titled The Housing Crisis Is Over. I don’t doubt that the mere fact that it was printed in the WSJ makes it gospel to some folks. I am not interested in writing a rebuttal to this piece, as that has already been…
April Reporting Roundup
Yesterday I predicted that the local reporting would focus on the paltry month-to-month median price increase, backed up by a plethora of quotes from peppy real estate agents. Today’s reporting, for the most part, does not disappoint. I’m starting to get the impression as I read some of these articles that the reporters are just…
NWMLS Stats: Still Looking for the Bottom
It’s time for NWMLS statistics. April is now in the books, traditionally one of the strongest months for home sales. Here’s the NWMLS press release: Northwest MLS Brokers Report Highest Volume of Pending Sales in Eight Months. I guess “Lowest Volume of April Pending Sales in Nine (plus) Years” didn’t have the same ring. Better…
Pierce County Home Builders Feeling the Pinch
Yesterday’s Tacoma News Tribune had an article about new construction in outlying areas, which is becoming front line of the Puget Sound housing bust. In short: it ain’t pretty for builders. Facing fewer buyers and many, many homes for sale, South Sound builders are pulling back and getting extra promotional. Builders have slowed construction schedules…