Marlow Harris of the P-I blog Seattle Real Estate Professionals had a great post last week about the insatiable appetite of the American home buyer: I am generalizing from the 100’s of homebuyers I’ve met, plus the watercooler talk from the many agents I’ve known, and I know that buyers list of “wants” quickly become…
Dry Rot: Rot from housing spreading to financial sector
Back to work Monday has arrived and my normal routine is to find Bill Fleckenstein musings on the financial markets. I’m fairly sure he coined the term “housing ATM,” among other gems, and he’s at it again with this morning’s take on the markets. Perhaps as a sign that folks are starting to care, the…
NewsFlash: Living Close To Work Not A Priority
Here’s a shocker for you: most people in the Seattle area don’t live all that close to where they work. David Wilson lives in Fremont, Dan Griffiths and Mary Anne Lyman in Tacoma. Andrew Chen’s home is in Newcastle, Roxann Harr’s in Auburn, Nancy Andersen’s in Federal Way. They all work for the same insurance…
Contrarions guilty of the FUD factor: fear, uncertainty, doubt
Craig King of Real Blogging, the official real estate industry blog, says it’s a great time to be buying or selling real estate. “No matter what you’re selling, conventional wisdom is that the FUD Factor (fear, uncertainty and doubt) tends to freeze buyers in their tracks.” He goes on to say that,”If we do a…
Real Estate Insight Hiding In Sports Talk
Don’t miss Bill Virgin’s latest column in the Seattle P-I today. The subject is the Sonics’ sale, but check out the reference to Seattle real estate that he managed to slip in there: Owning a sports franchise is like buying a Monet painting. The immediate payoff is psychological, not financial; in fact, ownership is likely…