With sales skyrocketing to a massive four percent gain over last year and median prices shooting through the roof, the housing market recovery is on, and it’s a race to report it. Let’s check in with the local news outlets to see who had the most sensational write-up this month. First up, the NWMLS press…
Tag: Seattle_PI
Weekend News Roundup
Lots of local real estate related news over the weekend worth mentioning. Here’s a brief roundup of the stories you might be interested in. Let’s kick things off with some good news via Aubrey Cohen at the P-I. Looks like the state’s irresponsible plan to pre-distribute $8,000 tax credit is dead in the water, thanks…
Boo-Hoo: Tighter Standards Help Kill Chances of Bubble Returning
I’m starting to sense something of a theme in some recent news pieces about the housing market. Consider the following quotes from two recent articles (emphasis mine). Reuters, June 22: Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the…
Weekend Roundup: Empty Condos, Story Updates, & a Rosy Forecast
Got a few interesting stories for you today. First up, from the Puget Sound Business Journal: Seattle, Bellevue luxury condominium towers are slow to fill up Three-quarters of the new condos at five major buildings in Seattle and Bellevue are unsold, leaving developers in a high-stakes battle to unload millions of dollars worth of homes….
May Reporting Roundup: You Have Missed the Bottom (or not)
It’s time once again to check in with our local press to see who simply rehashed the NWMLS press release and who did some actual journalism. First up, the NWMLS press release that accompanied yesterday’s numbers: Inventory shrinking, sales rising, prices stabilizing in some Northwest MLS areas Waiting longer to buy a home is not…