My "control site" that I track every week (start 5/06) has YOY listings for King Co. at +62%.
Property ladder......
With the turmoil in the financial sector now "spilling over" we have the "perfect storm" brewing. Gee, and I though ol helicopter Ben said the contagion was contained to the subprime market??
Give the insiders a chance to head for the exits before the "herd" does....
Now I can't find the comment or post, but I remember someone predicting 10,600 inventory by August-end. That prediction was made while King County inventory seemed stuck in the 10.2K range. I remember thinking there was no way it would climb that fast then... Now, I wouldn't be surprised to see 11K.
Off topic, but I was car shopping yesterday, mostly to pass the time and check out the new 08's. At every dealership I was descended upon by two or three salesmen at once, trying every sales trick out there to get me to buy. The lots were devoid of any other customers...
Consumer definitely tapped out. But, it's the "new" global economy and therefore we aren't as reliant on the US consumer to be the 2/3s driving force it once was. Now we can rely on other countries buying our exports.
Yeah right.
:roll:
Consumer definitely tapped out. But, it's the "new" global economy and therefore we aren't as reliant on the US consumer to be the 2/3s driving force it once was. Now we can rely on other countries buying our exports.
Yeah right.
:roll:
Are we exporting McServices now? Or maybe we can export Paris Hilton.
Comments
Love to see the words "inventory", "Seattle", and "exploded" all in the same sentence.
Property ladder......
With the turmoil in the financial sector now "spilling over" we have the "perfect storm" brewing. Gee, and I though ol helicopter Ben said the contagion was contained to the subprime market??
Give the insiders a chance to head for the exits before the "herd" does....
Off topic, but I was car shopping yesterday, mostly to pass the time and check out the new 08's. At every dealership I was descended upon by two or three salesmen at once, trying every sales trick out there to get me to buy. The lots were devoid of any other customers...
Yeah right.
:roll:
Are we exporting McServices now?