mike2
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The unemployment rate hitting a record low is typical before a recession. This area was seeing mass layoffs by November 2000 after the previous record low in November 1999.
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Some? Sure. I was having lunch at Magnuson Park last summer, at a picnic table about 50 feet from the shore. A park crew showed up to water the landscaping... right on the lake edge. 4 guys -One drove the truck, one put the pump in the lake, 2…
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I liked that bit where they were asked if they got their asking price, and he said "$10K under", but that they saved $26K by using redfin. Even if the low offer was due to redfin's hands-off marketing they still did well.
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Not sure 3-5 years will be meaningful either since the dot com bust really depressed local condo construction. If you remember back in 02, ANY new construction project stuck out like a sore thumb.
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Moose, I've been seeing that as well. Unfortunately a few of the places that were advertised as SFH's turned out to be this kind of share. My girlfriend's mom has seen her property value skyrocket, along with the tax bill She's made a killing on…
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Probably because M bought an ugly house at a high price, and hasn't had the guts to cash out his profit before gloating. Anyone that bought and managed to sell at a significant profit, dumb luck or not is far more credible than someone that hasn't …
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I'm not sure individual card usage matters that much until more people start reaching either their balance limits or can't keep up with the monthly payments, and can't roll the balance into their home loans. The 20% was a vague reference to the % o…
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Jazen wrote: What was the monthy rent? $1250. Optimally, I'd like to get rent down to around 10% of gross income, but that's probably not going to happen unless we get an apartment.
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The economy is in transition from MEW driven growth to whatever is next. History has not dealt kindly with the aftermath of protracted periods of low risk premiums, "Greenspan said. "Such an increase in market value is too often viewed by market …
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Well, I guess it was a good thing that so many homes were being purchased by investors, flippers and as second homes. That way there's a supply of buyers even if first time homeowners are priced out for the time being. On the other hand, the rel…
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I doubt the Matthews Beach property is a teardown @ $520K since it sits level with the beach and is a good 4 blocks from the lake - None of the immediate neighbors seem to have a lake view. Granted, it's an ugly 25+ year old split level so who know…
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What I find interesting is that in 2001, the average rate on a 30yr fixed was around 7.25%, only 1.25% higher than now, or around 20% higher than today's average around 6%. 30 yr fixed rates bottomed out around 5.3% in mid 2003, then it bumped arou…
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These inspections seem to take longer and longer. Seriously, what's up with a house staying STI for more than a month? This one in Matthews Beach (9105 SAND POINT WAY NE, 98115) has been STI for going on 2 months now.
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It will certainly be interesting to see what the effect of all the new condos will be on the demographics. Assuming they fill up, that will be about 800 new yuppies all crawling around market street. (And I thought parking was bad now!) Granted…
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The Federal Reserve left a key interest rate unchanged on Wednesday as the economy signaled that it was on track for a soft landing... I remember the last soft landing. Half the people I knew lost their jobs.
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Yeesh, some of the poorest states in the nation have lower % subprime than WA. Must be due to those red-staters across the mountains cashing out equity and buying lifted trucks to pull their new ski boats. I'll bet every one of these states has …
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You know FJ, I think you're slacking. A programmer should be able to buy something in the $2M range if a single actress can buy in the $700K range. She just closed on a $700K magnolia view home. She got there by buying a $200K condo in 2003, re…
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You know the overall economy is not doing so hot when apparently educated people firmly believe that the only way to get rich is by flipping homes.
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And that city is certainly nothing to write home about. I mean seriously, in all the times I was traveling abroad, not a single person asked me if I'd been to New York - it's like nobody that isn't from there has even heard about it. Though I thin…
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meshugy wrote: Hi Blues... The other day I was in my front yard and a woman stopped her car and asked if I knew of any rentals (Loyal Heights). She was probably thinking "These houses look run down, the cars parked on the street are all …
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Asking prices vs closed sale prices. It seems that the mix of homes sold vs those offered for sale has changed since last year. From March to June 2006 the increase in asking prices on Housingtracker mirrored the increase in closed sale prices. …
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This Yahoo buyout is odd. As has been pointed out when this came up last year, even if MSFT buys up every search engine besides GOOG, they'll still have a minority share of the market. How they could turn a handful of underperforming divisions int…
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The % reduced has creeped up to 27.5% since that came out, so we're slightly above average but nowhere near the 33% reduced we were seeing last fall. That said, I'm not sure what difference the % reduced in ziprealty's stats makes though since th…
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We've had an impressive run since last fall. Aug 2006 per sq/ft prices were way down at $290. This month we've blown right past that record to $291 a square foot!!! At this rate, Seattle will be as expensive as San Francisco is today well befor…
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Here's another good one at 226 NW 48TH ST. Hey, I ripped out all the walls, that's instant equity!! http://www.redfin.com/stingray/do/printable-listing?listing-id=659515 Selling for 90K more than she paid last april, and yeah, it's going to g…
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7702 28th Ave NW - Non-owner occupied, buyer in California 7509 Earl Ave NW - buyer has flipped 3 other homes in past 16 months and has 2 others. He also took out a $500K heloc on his primary residence a month before buying this home for $490K. …