Okay, the biggest real story this month: plummeting sales, resulting in a record-high “months of supply.” The fake story: dropping median prices—which is most likely at least partly an illusion (so far), which can be largely attributed to… you guessed it: the plummeting sales. Let’s see what the news outlets chose to focus on… There…
Tag: Everett_Herald
August Reporting Roundup
Here’s the usual roundup of the NWMLS press release echo chamber for this month. As expected, most of the focus is on price, price, price. As long as the median price keeps going up, expect more of the same. Bibeka Shrestha, Seattle Times: Median price for house in Seattle tops $500,000 The median price for…
July Reporting Roundup
It’s that time of the month again—time to check in with our trusty local real estate mouthpieces “reporters” in the local press. What do Rhodes, Cohen, Benbow, Boone, and newcomer Dan Beekman (with the Tacoma News Tribune) have for us this month? Read on to find out… Warning: Sarcasm Ahead Elizabeth Rhodes, Seattle Times:Housing prices…
June Reporting Roundup
Before we get into what the usual suspects in the local press had to say about the housing market’s performance in June, let’s take a look at the NWMLS press release that accompanied the release of last month’s statistics: Housing Prices Around Washington State Rising at More Modest Rates Kirkland, Wash. (July 5, 2007) –…
May Reporting Roundup
It’s that time of the month again… time to check in with the local press to hear the same old regurgitated message about how great and healthy our housing market is. Elizabeth Rhodes, Seattle Times: What gives? Local home-sales market is softening, but prices keep rising Local home sales cool off; why are prices still…