If I had a million (and a half) dollars, I’d buy you a house… But what kind of house? Would you rather have a “phenomenal location & nearly total renovation” on Queen Anne: Click to view listing …Or a 16-building, 45,000 square foot former missile complex on (under) 57 acres in Eastern Washington: Click to…
Depends on what the meaning of “stable” is…
Forbes just loves to frame their articles around lists. You may recall Seattle showing up frequently on previous such real-estate-related lists, such as Best Places to Flip a Home (#1), Richest Cities In The U.S. (#8), Best Cities For Jobs (#34), and Most Overpriced Places In The U.S. 2005 (#1). Well, lucky us, we made…
Rents Reverting to Mean, Condos Repartmenting
I should at least mention the local news reports about the latest Dupre + Scott rental survey. Here’s the meat of the report, courtesy of Aubrey Cohen at the P-I: The King County vacancy rate hit 3.8 percent this month, down from 3.9 percent in March and 4.2 percent in September 2006, according to Dupre…
Cramer vs. Shiller: Is Seattle Immune?
By now most of you have probably already seen the Today Show video from last week in which financial entertainer Jim Cramer stated the following: Don’t you dare buy a home now. You will lose money. Of course, real estate salespeople across the country were outraged by this, and pretty much immediately flew into frenzied…
Everett Makes BMIT’s “If Only I Waited”
Over at the Bubble Markets Inventory Tracking blog, they’ve got an ongoing series titled “If Only I Waited,” where they highlight purchases in which a home is sold (or for sale) at a significant discount to recent sales in the same neighborhood. For the first time, the Seattle area has been featured, with a pair…