This is a post that I originally wrote for the highly-recommended personal finance blog Get Rich Slowly. As such, the style of writing is more geared toward the audience of that site. However, I felt that the post would be of interest to the readers here as well, so I am re-posting it in its…
August Reporting Roundup
Here’s the usual roundup of the NWMLS press release echo chamber for this month. As expected, most of the focus is on price, price, price. As long as the median price keeps going up, expect more of the same. Bibeka Shrestha, Seattle Times: Median price for house in Seattle tops $500,000 The median price for…
Supply Soars, Demand Drops Like a Rock
August stats have finally been run by the NWMLS. Thanks to my inside source, you can find the info here first. When they publish the usual monthly press release with links to the recap pdfs, I’ll post it here. Update: Here’s a link to the press release: Key Indicators for August Home Sales Around Washington…
Taller Condos for Middle Class Buyers?
Just in time for the whole mess to unwind all on its own, the City of Seattle is poised to do something about the lack of affordable (to buy) in-city homes for the middle class. Developers might soon have to provide more apartments and condominiums that moderate-wage workers can afford if they want to put…
Overheard in the Breakroom
“I can drive to work all week in my Camry, without having to tank up.” “I ride my bike to work, and get here in 10 minutes.” “Yeah, well I bought a condo in Issaquah, so I have to drive.” “I rent a house right here in Redmond.” “What do you pay per month?” “$1,700”…