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RGC's January King Co. SFH Sales Estimate

rudekickrudekick
edited March 2008 in Seattle Real Estate
King County SFH sales for Jan. 2008 came in at 861 vs. 1,357 in 2007. A 36% drop.
http://www.raincityguide.com/2008/02/03/hold-on-to-your-hats-sunday-night-stats/
Wow.

Comments

  • deejayohdeejayoh
    I don't think this is so surprising. It reflects how much pendings were down in December. I am surprised that Ardell is surprised. where does she think all these closings are going to come from? isn't she sposta know this kind of stuff

    It looks like Pendings for January will be on par with, or slightly higher than last year. That is the real story hear, IMO. Absorption will be back up around 20-25%.
  • bilirubenbiliruben
    I noticed Ardell is pondering selling her Kirkland Home. Maybe we are getting to her.
  • UbersaladUbersalad
    that Kary Krismer guy...he claims that he hasn't visit Seattle Bubble, but he's always posting on raincity guide with his ignorant comments.

    87. Kary L. Krismer - January 4, 2008

    Ubersalad, my information is a bit dated, but a couple of years ago when I was dealing with rentals I was really surprised how many people were moving here from out of state with jobs from those big companies you discount. At that time rental rates were going up nicely (if you were a landlord), in part from that and in part from condo conversions.

    But in any case, my main point remains. Unemployment figures are just about irrelevant when you're dealing with demand for real estate. If the unemployment number goes up it doesn't mean less demand and might mean more demand. If the number goes down it doesn't mean things will be good. You really need to look at the number of jobs and how that's changing.
  • deejayohdeejayoh
    Actually, the number of jobs is irrelevant when it comes to real estate prices. To wit:

    jobhomegv3.png

    yep, it's all about job creation.
  • UbersaladUbersalad
    The post was in reference to job loss and its relations to RE depreciation. Job loss has everything to do with RE demand.
  • kpomkpom
    biliruben wrote:
    I noticed Ardell is pondering selling her Kirkland Home. Maybe we are getting to her.

    Her two year subprime ARM is resetting - she probably needs to either refinance or sell.
  • Kary KrismerKary Krismer
    Ubersalad wrote:
    that Kary Krismer guy...he claims that he hasn't visit Seattle Bubble, but he's always posting on raincity guide with his ignorant comments.

    87. Kary L. Krismer - January 4, 2008

    Ubersalad, my information is a bit dated, but a couple of years ago when I was dealing with rentals I was really surprised how many people were moving here from out of state with jobs from those big companies you discount. At that time rental rates were going up nicely (if you were a landlord), in part from that and in part from condo conversions.

    But in any case, my main point remains. Unemployment figures are just about irrelevant when you're dealing with demand for real estate. If the unemployment number goes up it doesn't mean less demand and might mean more demand. If the number goes down it doesn't mean things will be good. You really need to look at the number of jobs and how that's changing.

    Ubersalid, I saw my name popping up over here after a Google search.

    In the future if you don't understand what I'm saying, you'll do much better posting where I say it, rather than hiding out somewhere else. I'm talking about the distinction between jobs and unemployment. You can have rising jobs and rising unemployment (people moving into the area because of the good job market). That would be good for real estate. The more people with jobs would help the resale market and the unemployed moving in would help the rental market.

    So just remember, a comment is not "ignorant" just because you fail to understand it. And if you don't understand, just ask. I'll be happy to explain.
  • PublicEnemy#1PublicEnemy#1
    And now that Google has saved your response to Ubersalad for posterity, anyone considering you for an agent can see how react to people who dare question your "expertise" and "knowledge".

    Condescension tends to turn people off.

    Go ahead and tell us how fat your commissions still are, it's easy to see that you are already stinging from the market downturn. I think you should have saved more for that proverbial rainy day.
  • fasterfaster
    Kary Krismer wrote:
    Ubersalid, I saw my name popping up over here after a Google search.

    Kary Krismer, I changed my signature just for you. Now those vanity searches will be even more fun for you.
    :)
  • MatthewMatthew
    Faster,

    Your sig: :lol: :lol: :lol: :lol:
  • aldrethaldreth
    lol :lol:
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