Once in a while, I used to get the crazy idea that it would be fun to own a condo. I was probably attracted to the relatively low price tag (compared to SFHs). However, whenever I looked into it, I was always turned off by the ridiculously expensive Home Owner’s Association fees, usually ranging from…
"The Market is Returning to Normal"
Now that the NWMLS numbers have been released, let’s check in with our favorite bubble-fighting dynamic duo, Rhodes & Cohen. If you were expecting them to cheer on the inexplicable increase in prices, you will not be disappointed. This month’s unified message: Prices are up, but now is the time to buy! From Ms. Rhodes’…
Inventory Eases (Very) Slightly In October
The NWMLS has posted October statistics. Although residential (excludes condo) inventory did indeed follow its usual October downward course, the decrease of less than 1% of listings was the smallest since at least 2000 (I don’t have reliable inventory statistics further back). The YOY increase in inventory stands at almost 31%—a new record—while the YOY…
Skagit’s Housing Market Staying… Strong?
Slowdown denial is in full force up in Skagit County, where in an article titled “Skagit’s Housing Market: Staying Strong,” a monthly rag called Skagit County Business Pulse has apparently resorted to publishing outright lies. People will go to great lengths these days to own property, especially packages with added value. Despite the high cost…
Got Bankruptcy?
Realtors buy big ad campaign ‘It’s a great time to buy or sell a home,’ says $40 million marketing push It might go down as the “Got milk?” moment for the housing sector. Just as dairy associations, with their widespread ads, have tried to convince Americans of the many benefits of milk, the National Association…