Here are a few short quotes from some recent interesting articles (followed by some pithy one-liners) that I haven’t had the time to dedicate entire posts to: Slumping sales of lots could presage fewer new houses for region A key future indicator of the housing market is down sharply, but that could be a good…
Tag: Seattle_PI
"Market fundamentals are extraordinarily strong."
By now most of you have probably already seen today’s article in the P-I: Homes overvalued by 31.7% in city, report finds. It’s pretty much the usual shtick. “Homes are expensive here, but…” followed by lots of quotes from various real estate “analysts” and “professionals” yammering on about how wonderful the “fundamentals” here are, what…
February Reporting Roundup
I’m going to do the monthly reporting roundup a little differently today. I’m going to keep it simple. What you see below is a list of my favorite line from each of the local writeups. It’s too early to say if this spring’s home sales will be a repeat of last spring’s frenetic activity, but…
Bubble Link Roundup
It’s time to clear out all the news alerts in my inbox again. Here’s another round of local real estate links from the past few weeks: Seattle definitely appears to be “special” in one area: real estate websites. Ms. Rhodes reports on ForeclosurePoint; the latest to join the fray. Bremerton: up and coming? If you…
"Quite frankly, it’s time to buy."
I think maybe there is some kind of virus infecting the minds of potential homebuyers. The virus settles into the brain and causes the victim to lose the capacity for rational thought in matters of real estate. Symptoms include the delusions that “I need to buy now or I’ll be priced out forever,” “I should…