As I’ve said here before, I think renting right now is a no-brainer for people that don’t already own a home. That being said, for those in the middle-income bracket like myself that do insist on stretching their finances to afford an overpriced home in King County, the options are fewer and fewer. Throughout the…
Pinpoint Stats: Snohomish Co.
Snohomish Co. Residential sales only (only houses, no condo’s, no land)Source: NWMLS 2005:April 1283 (Median $283,250) May 1165 (Median $287,000) June 1473 (Median $295,000) 2006:April 1134 (Median $331,254) May 1133 (Median $339,950) June 1347 (Median $350,000) The rise in median prices are remarkable YOY & MOM and that’s with less sales and rising inventory in…
Sweat Equity: money in the bank
(May 2006 – that’s me removing old patio to prepare for above grade deck.) It’s Summer. Lot of projects are underway for many homeowners. For those considering homeownership, perhaps one of the strategies for buying a home is to consider a fixer. Sweat equity is one way to produce equity the old fashioned way. It…
Real Estate Market "Magic"
This article in the Mercer Island Reporter cracked me up, if only because of the headline: Island real estate market still magic. Fewer homes have been on the market on the Island over the past six months and slightly fewer homes sold as compared to last year. Prices for those that did sell were up…
Wharton’s Conclusion: Soft Landing
In case you haven’t noticed, Gregory Wharton has posted the final chapter in his series on Seattle real estate prices. If you thought my response to his previous post was long, you’re in for a shock. Find a comfy chair and make sure you have a good-sized block of time to tackle his 3,500-word thesis…