It’s not often that I actually laugh out loud at a news headline, but congratulations to Elizabeth Rhodes, who actually achieved that with the gem “Local homes: Investments that just keep getting hotter.” Forget your home being your castle. Thanks to surging local home prices, your home is now your portfolio. How so? After giving…
June NWMLS: Demand Down, Supply Up
June NWMLS numbers are out (pdf). Short story: King County median home sold for $434,950, which was 16% more than June 2005 (compared to 15.51% May ’05 – May ’06), and 1.64% more than May 2006. Active listings continued their climb, up 17.17% from June 2006, while pending sales continued their slide, down 10.14% from…
Reader Email: Sale/Lease Own Home?
Here’s an email I received from a reader: I actually like my home a lot, can afford it and don’t want to move. But I also don’t want to ride 30% down if I don’t have to. I’ve come upon the idea of trying to get a “sale/lease agreement” on my home. Are you aware…
Home Ownership Above All Else
Here’s a great article from Seattle Times writer Nicole Tsong about young people who apparently value home ownership above all else. Although Seattle-area real estate is more expensive than ever – a tiny studio at the new NoMa Ballard condo building in Seattle, for example, starts at $180,000 – it’s also more attractive than ever…
Washington Population Up 120,000
Considering that today is a big holiday and all, hopefully most of my readers are out doing fun things with family and friends, not glued to a computer monitor like… um… I am right now. There are a lot of good stories to talk about, but due to the holiday I’m going to restrict myself…