An anonymous reader sent me the following email: I have to stay anonymous with this. I just got an e-mail from an appraiser that sends in good information to me from time to time. It appears that agents are doing this old trick to manipulate exposure for their listings that are languishing. This means that…
Seattle Not Historically Immune To Price Drops
Here’s a blast from the past, courtesy of Tim from Snohomish Co. Real Estate. Source: Seattle Times. Dateline: January 10, 1991. Headline: Falling Home Prices Hit Eastside Hardest: Home prices on the Eastside have slid 12 percent since last summer and are expected to fall that much more before heading back up. The drop from…
Rents Still Rising In Seattle
Rising housing costs have been steadily leading to higher rents in the Seattle area: After enjoying years of discounts, Seattle-area renters should brace themselves for the thought of opening their wallets a little wider when they see their landlords in 2006. In a trade-off to a rebounding regional economy, apartment rents are expected to rise…
Venture Capital Pours Into Real Estate Tech
Remember the late 90’s? Remember all the money that was being thrown around at virtually anyone who could use a computer and form a complete sentence? Well the 90’s are over. Now you have to do more than form a complete sentence and use a computer to get millions of dollars in funding for your…
For Sale: Mercer Island Home – $40 Million
Here’s one just for laughs. Have a look at the real estate market from the top. Way up at the top—$40,000,000 on Mercer Island: It’s the ultimate trophy property: a five-bedroom, Mediterranean-style lakefront home on Mercer Island where your neighbors include Paul Allen and Mike Holmgren. Asking price: $40 million. Time on market: 15 months…