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…
July: Inventory Up, Sales Down (Yet Again)
Well I waited all weekend for the NWMLS “recap” pdf to be posted, and it’s still not up. In the mean time, here are the pertinent numbers for King County (residential only), pulled from the summary sheet, which has been posted. Active Listings: 6,909 (+ 19.29% YOY)Pending Sales: 2,665 (– 13.08% YOY)Median Closed Price: $435,000…
Emotionally Attached
You want to know why the cost of homes has shot up so much in the last few years? I contend that it’s not primarily the result of economic forces, but psychological ones. It’s because of the seemingly unending supply of people with this kind of mindset: We haven’t actually lived in any of these…
Title Insurance: Kickbacks, Competition & Prices
Forward: “I have a keen interest of Ethics in Business, particularly real estate. A good portion of my comments, questions and posts are with this in mind. And, frequently, our office comes across ethical issues that we encounter or observe from clients, loan officers and Realtors that we work with everyday.” – Tim Kane (Blog…
Rents Climbing In 2006
It would appear that rents in the Seattle area really are going up, though still at nowhere near the same rate of alleged home appreciation. Snohomish County’s apartment market is feeling the squeeze, with the second-quarter vacancy rate dropping from 5.6 percent in the first quarter to 4.6 percent, according to apartment research firm Cain…