February statistics from the NWMLS have been posted. As is the custom, the Seattle Bubble Spreadsheet has been updated and uploaded. Some of my guesses for King County were fairly close, with the notable exception of Pending Sales (Res), which shot up to 2,375. That’s +7.66% YOY, ending the 15-month streak of declining YOY sales….
Stupid Legislative "Solutions"
Here’s an article that appeared in the Everett Herald a few weeks ago about yet another misguided legislative attempt to solve the “housing crisis.” One of the bills Nathan Gorton is backing in the Legislature this year sounds like it makes too much sense to do anything but go down in flames. What he’d like…
Bubble Link Roundup
It’s time to clear out all the news alerts in my inbox again. Here’s another round of local real estate links from the past few weeks: Seattle definitely appears to be “special” in one area: real estate websites. Ms. Rhodes reports on ForeclosurePoint; the latest to join the fray. Bremerton: up and coming? If you…
February Stats Guesses Anyone?
With February behind us, would anyone care to venture a guess as to what the NWMLS stats will show when they’re released in the coming week? Here are my baseless predictions for King County: Median Price (Closed)Res + Condo: $372,000Residential: $425,000Condo: $272,500 Res OnlyActive Listings: 6,250Pending Sales: 1,900 What is your guess? Seattle Bubble Tip…
Who Should You Believe?
The post you are about to read is true. The names have been change to protect the… Well, mainly because I don’t want to start a blog war. For this same reason, I have not provided links to the posts I mention. They are available for verification upon private request. By now, most sensible people…