16% Appreciation so far in 2007 or BubbleBaiting at RCG
http://www.raincityguide.com/tag/2007-appreciation/
The latest and greatest news on our unstoppable Seattle market.
It seems the predicition she is referencing is from the same post where she dismisses talk of the coming banking crisis. (http://www.raincityguide.com/2007/02/26/seattle-area-appreciation in the comments)
Whoops.
Is there any way that the lowly consumer can get this data? All I have is housing tracker which tells me that Seattle Area appreciation is around 4%. But we all know how HT has been rather strange as of the last month.
The latest and greatest news on our unstoppable Seattle market.
It seems the predicition she is referencing is from the same post where she dismisses talk of the coming banking crisis. (http://www.raincityguide.com/2007/02/26/seattle-area-appreciation in the comments)
Whoops.
Is there any way that the lowly consumer can get this data? All I have is housing tracker which tells me that Seattle Area appreciation is around 4%. But we all know how HT has been rather strange as of the last month.
Comments
I read that article and, and all said it seems like a good argument for a return to 2001 pricing if historical trends prevail.
Builders are currently offering many incentives from buy-downs of interest rates, to modest price reductions among other things. I also overhead a radio ad for DR Horton that is offering up to $40K off in certain communities if I recall correctly.
Comparing YOY to 2006, while not incorrect, is not what is going on in the trenches in real time today. We are in a different market in general. And that is the larger story.
Ardell is correct that the homes selling must be in top tier condition for their bracket and priced for today's market.