Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Remember our metric: less than 6 MOS is a sellers market and above 6 is a buyer’s market,…
Poll: Where will King County SFH inventory peak in 2008?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 04.19.2008.
Seattle Gets Another New Real Estate Blog
Apparently Elizabeth Rhodes’ Home Forum Extra blog wasn’t capable of single-handedly satiating the real-estate-hungry readership of the Seattle Times. So, they’re introducing a new real estate blog by Real Estate Editor Cindy Zetts. Lots of people are avidly interested in real estate — buyers and sellers, owners and wannabes, investors and market voyeurs. But it’s…
Short Sale Impact on neighbors: Appraisers please advise.
For many newer homeowners, this is the first correction they have experienced. I’ve been asked a question about short sales in an e-mail. It is a good question for both agents and appraisers to answer. It is presented as follows: Appraisers, please chime in. Fake Scenario: A home is sold as a short sale. It…
CEPR: Maintaining Ownership Makes No Sense
The Center for Economic and Policy Research came out with another great paper this month titled The Cost of Maintaining Ownership in the Current Crisis Here’s an excerpt from the summary (emphasis mine): The collapse of the bubble in the U.S. housing market is creating chaos in financial markets while throwing the economy into a…