As effective as government is at addressing most issues, it only makes sense that once the real estate market finally starts to slow down, that’s when they decide it’s a good time to try to do something about unaffordable housing. Gov. Chris Gregoire and top legislative leaders on Tuesday authorized a study of ways to…
Even Inman Acknowledges Seattle Slowdown
You know the signs of a slowdown in Seattle must be reaching critical mass when even Inman News is unable to ignore it. (Article becomes subscription-only after today.) Home sales in western Washington fell for the fifth straight month in July, as year-over-year prices continued their impressive double-digit growth, according to the latest report from…
A Foot In The Door Of "Out Of Control" Prices
The P-I’s July real estate report is amusing enough that I thought it deserved its own post. Apparently they got the “focus on condos” memo a week late. Plus, Kathy Mulady didn’t have the same cleanup work to do as Ms. Rhodes. Anyway, here’s a newsflash for you: condos are slightly cheaper than single family…
Real Estate Honesty Spotted In Seattle Times
As is the custom each month when the MLS statistics are released, the Seattle Times yesterday published a short “foot in the door” article briefly discussing the numbers, followed today by a full-length feature that takes a certain “angle” on the “story.” What’s interesting to me is that the author of yesterday’s blurb was not…
Area Foreclosures On The Rise
Even though our area doesn’t have as high of a foreclosure rate as you might expect, the toxic loans and suicide financing are still having somewhat of an effect… In Seattle’s hot real estate market a growing number of people are losing their homes in foreclosure. For most people losing their homes, there are several…