In the comment thread on yesterday’s post there was some discussion about the ever-growing gap between pending sales and closed sales. Here’s a simple look at how they stack up through July (since August stats aren’t out just yet): The massive difference between pending and closed sales brings up the question: Is there really a…
Tag: short sales
Two Recent KUOW Pieces of Note
Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market. Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A…
NWMLS: Mark Any Accepted Offer on a Short Sale as “Pending”
Kevin Lisota of Findwell sent me a heads up about a rule clarification sent out today by the NWMLS to all their members: Short Sales: Status Change Required after Mutual Acceptance Rule 120 (b) requires the listing office to timely report the mutual acceptance of a purchase and sale agreement for a short sale as…
One in Three Q1 Pending Sales Failed to Close in 30 Days
Now that 2009 Q1 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. For previous posts on this subject, hit the ‘pending’ tag archive. Below is the updated chart including 2009 Q1. It shows quarterly King County SFH pending sales volume from the NWMLS,…
Foreclosure / Short Sale Mess in Tacoma
We’ve seen plenty of these kinds of articles and news reports about the foreclosure situation down in southern California, but I don’t think many people ever would have expected to see such a piece written about the Seattle area: Foreclosures mean work for “trash-out” specialists Contractors who specialize in cleaning and maintaining the nation’s growing…