Here’s the latest report out of Olympia, where business reporter Rolf Boone doesn’t bother to wait for the NWMLS talking points press release before publishing his monthly real estate stories. While South Sound home sales year to date are running 6 percent ahead of sales through all of 2005, higher inventories continue to slow the…
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"Prices plateau as incomes catch back up"
Here’s some real hard-hitting reporting from the P-I. It turns out that mortgages are rising a lot faster than paychecks. Who knew? The percentage of Seattle residents who … own their homes increased over the past five years — even though home values and mortgage payments rose much faster than incomes, data the U.S. Census…
There Is No Spoon
A post by Susan Ryan over at the PI’s RE Blog proclaims “Just Say No to Bubble Talk” “As I’ve said repeatedly, stock market terms do not apply to real estate. There is no real estate bubble and never will be. A decrease in acceleration is not an implosion (or even a pop). Kendra Todd…
The Mother of all Weekend News
Refinancing & Purchasing may have just become a bit tougher In my opinion, of all the pieces written on the market, this one by syndicated columnist Ken Harney has the potential to really put the hammer down on mortgage qualifying under no-doc, low-doc or ‘stated-income’ loan products (‘oft referred to as liar loans). The impact…
A Glimmer Of Hope?
Do you think demand for commercial space will result in a continued rise in property values in King County? Evidently, Susan Ryan at the P-I Real Estate Blog thinks so… An article in today’s PI on the institutional investor interest in Seattle, highlights one of the reasons the local residential real estate remains strong. Low…