The Mega Spring Bounce of 2012

In order to quantify just how absurd this year’s spring bounce has been, here are a few charts I generated from the single-family home data on Redfin’s region page for King County: Listings continue to drop through the floor. The selection this year really is abysmal. Meanwhile, listing prices are soaring through the roof. They […]

Bottom-Calling Checkup: Nope, Still No Bottom Sighted.

Let’s take some time to do another checkup on our February 2009 bottom-calling series. In our last checkup back in October we hadn’t found a bottom yet. Let’s see if we’re there yet. First up let’s have a look at an updated version of the “Blind Optimism” forecast chart: Oops. So much for blind optimism. […]

Misleading Total Square Footage from NWMLS Includes Unfinished Basements by Design

If you’ve been searching for homes in the Seattle area for longer than about a week, you’ve probably had an experience like this: After searching your favorite listings website for homes between 1,500 and 2,000 square feet, you find a decent-looking 1,800 square foot home that looks like a good candidate in your price range. […]