State Considers Irresponsible Plan to Pre-Distribute $8,000 Tax Credit

According to a post on Aubrey Cohen’s P-I blog Seattle Real Estate News, State may give buyer credit as temporary loan. First-time home buyers would get their $8,000 tax credit as a state loan at closing, under a measure the state Senate Ways and Means Committee approved Wednesday night. The federal government is offering the […]

March Reporting Roundup: Spring Fever Edition

Let’s check in on the local papers (or digital former papers, as the case may be) to see how this month’s NWMLS stats are being spun to the populace. First up, here’s the source material: the NWMLS press release that accompanied yesterday’s numbers: Brokers report signs of improvement in “real-time” housing market NWMLS director Dick […]

Reporting Roundup: The bottom is in, unless it isn’t.

Time for yet another thrilling installment of “see how the local press repackaged the NWMLS press release.” First, for comparison, here’s the NWMLS press release that accompanied yesterday’s numbers: Western Washington Home Buyers Starting to Grasp “unique housing opportunities” “I believe these results are reflective of what might be called a “mental filibuster” for potential […]

January Reporting Roundup: C’mon ‘N Ride The Train

Here’s the NWMLS press release that accompanied yesterday’s numbers: Home Buyers Starting to Seize Opportunities in Some Western Washington Areas “Home buyers in Pierce and Kitsap are starting to recognize the opportunities that exist for first-time buyers and those looking to buy a home in the more affordable price ranges,” said J. Lennox Scott, chairman […]

J. Lennox Scott & Dick Beeson Predictions vs. Reality

Some quotes from J. Lennox Scott about the local real estate market. October 2007: This is an ideal time for buyers because they no longer have to pay the pricing premium that existed in previous years. There is less competition for homes, yet prices continue to appreciate, creating a great opportunity for buyers to position […]

John L. Scott: “Now Is A Smart Time To Buy”

A number of people pointed me toward a “white paper” recently released from real estate brokerage John L. Scott titled “Why Now Is A Smart Time To Buy” (pdf). It purports to be “an objective assessment of the housing market as it stands at the end of 2007” designed “to help home buyers assess the […]

Is it a good time to buy? Salespeople say YES!

Here’s a video piece that aired this weekend on King 5 Up Front with Robert Mak where he poses some questions about Seattle’s housing market: More homes for sale, prices going down… Is it a good time to buy? … Where’s the bottom? And just how long might the slowdown last? Unfortunately, to find the […]