Just for kicks, let’s do an almost end-of-year check on the San Diego County / King County overall median price comparison. If you recall, back in March San Diego County’s median was at $415,000, while King County’s was at $395,000. Our March “forecast” called for San Diego to fall to $366,771 by the end of…
Tag: predictions
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…
“A continuing, steepening decline in opportunities here in Seattle”
The Institute of Real Estate Management (IREM), whose primary focus is on the “multi-family and commercial real estate sectors”, held an “economic-forecasting event” on Friday, which both a P-I reporter and Matt at Urbnlivn wrote up reports on. Here’s an excerpt from the P-I’s story: Real estate a sore point in Seattle area economy “When…
SmartMoney: Seattle in Best Shape for a “Rebound”
Although the local media can be a pretty good source of amusing overly optimistic predictions, they certainly don’t have the monopoly. Check out this entertaining article from SmartMoney magazine: Home Prices: Now for the Good News We dug into [the PMI risk index] as well as other forecasts and analysis to determine which markets are…
Double-Digit Appreciation Returning Soon to Seattle!
The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….