Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Here’s a blurb from the NWMLS press release that accompanied yesterday’s numbers: Housing Activity in Western Washington during October Described as "Disappointing, but Not Unexpected" Housing activity for Northwest Multiple Listing Service members was…
Tag: Tacoma_Tribune
Construction Defaults Over 10%, Tacoma Condos Empty
A few more articles from this week about how dramatically the local real estate market has slowed. Puget Sound Business Journal: Construction defaults rise in Seattle area The latest data on local new-home sales and construction-loan delinquencies illustrate the market forces underlying the growth in mechanics’ lien filings. Delinquencies of single-family construction loans in the…
September Reporting Roundup
Here’s the NWMLS press release that accompanied yesterday’s numbers: Pending Sales Up 4.1 Percent From Year Ago, Total Inventory Unchanged Home sales around Western Washington during September rose 4.1 percent from a year ago, reversing a 19-month pattern of declines. Members of Northwest Multiple Listing Service reported 5,982 pending sales (offers made and accepted, but…
August Reporting Roundup: Reality Finally Sinking In
Oh man. They let Elizabeth Rhodes take just one day off, and look what happens: Gahh! It’s right there in giant black print, above the fold on the front page! I can’t imagine the Seattle Times’ real estate advertisers feeling too great about this…
RE Bust Leads to 16% Capital Fund Deficit in Tacoma
The Tacoma News Tribune reports on a $7.2 million shortfall in the city budget, thanks to a 36% drop in expected real estate taxes: The City of Tacoma may have to delay or slow construction on some projects in order to patch a projected $7.2 million shortfall from real estate taxes this budget cycle. The…