Are prices in Seattle based on strong fundamentals or speculation? While we can certainly look at the data and draw conclusions for ourselves, there is little to no hard information out there about how many people are buying merely to turn a quick buck. There are those that treat the lack of hard data regarding…
Tag: Woolsey
Seattle’s “Seller’s Market” Status Rapidly Eroding
Forbes has come out with yet another real estate “Top 10” list, this time gabbing on about the “Top Home Sellers’ Markets.” Interestingly, Seattle is conspicuously absent from the list. They explain: The MethodologyTo measure inventory glut, we used Moody’s Economy.com and National Association of Realtors data that tracked a market’s current sales rate by…
Forbes: Seattle Has Already “Hit Bottom”
Sometimes you read something and it just makes you say “huh?!?” An article in Forbes last week titled Most Resilient U.S. Real Estate Markets gave me just such a moment. In it, Forbes writer Matt Woolsey attempts to predict the future, making some absolutely bizarre claims along the way: When it comes to real estate,…