J. Lennox Scott in March (original post deleted, screenshot here): …if interest rates increase by one-half point from the current rate, as has been predicted by many economists, a buyer with a loan amount of $200,000 will lose approximately $11,000 in purchasing power. … The interest rate differential can be applied to all buyers in…
Tag: Scott
Reporting Roundup: Bye Bye Tax Credit Edition
Time for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release. Here’s a link to this month’s NWMLS press release (although it still isn’t live yet, it should appear here): Brokers cite tax credit and rising consumer confidence…
Reporting Roundup: Pending Tax Credit Expiration Edition
Time for the monthly reporting roundup, where I read all the local paper rehashes of the NWMLS press release so you don’t have to. Here’s a link to this month’s NWMLS press release (although it still isn’t live yet, it should appear here): Northwest MLS brokers report 51% jump in pending sales Home sales around…
PNWHS & REBarCamp Audio Pencasts
For anyone who is interested in listening to some straight audio from yesterday’s PNWHS event and one session from today’s REBarCamp event, I present the pencasts below. Lennox Scott’s rousing main talk begins on page three of session 2. Float over the number in the lower-right of a pencast to jump between pages, then click…
Morsels of Market Musings from PNWHS
Rather than editorializing on everything I heard at the Pacific Northwest Housing Summit today, I thought you all might just enjoy some unfiltered quotes from the industry professionals. Bret Bertolin Senior Analyst, Washington State Economic and Revenue Forecast Council On the broad economy… We believe that the economy has turned the corner, and it pick…