Just for kicks, let’s take another look at the home price YOY change graph that I posted on Wednesday. Click to enlarge I noted that the downward curve on the right that represents the last nine months looks fairly steep. But just how steep is it, compared to the rest of the graph? In order…
January Reporting Roundup
Let’s have a look at the local press reaction to the market’s continued slowdown, shall we? First up, the poster child for slowdown denial in the media, Elizabeth Rhodes. This month she actually managed to sandwich a morsel of reality in between the excuses and the unbridled optimism: A nasty dose of winter last month…
Guess What? Inventory Up, Sales Down.
An inside source has supplied me with the latest NWMLS statistics, and they tell exactly the story you would expect if you’ve been paying any attention at all during the prior nine months. For what is now the tenth month in a row, inventory was up and sales were down YOY. In fact, sales have…
Condo Shoppers Lie Low
This article appeared on the front page of the Puget Sound Business Journal early this month. While typically not read by the general public, “Biz Journals” are widely circulated throughout the business community. Local businesses use the publication to keep tabs on their customers and competitors and to stay abreast of local business news. I’ve…
Urban Growth Boundary Malarkey
A common argument about housing prices that I’ve personally noticed popping up frequently in the last few weeks is that they are as high as they are here in King County thanks in very large part to the Growth Management Act (GMA). Specifically, the argument claims that the Urban Growth Boundary (UGB) has so limited…