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seattle real estate trends: Every 10 Miles May Cost You Money - 07/14/08 12:27 PM
Will there be an unraveling of the housing market in the suburban fringes of Seattle? That is what is happening in other parts of the country according to a recent article in BusinessWeek. The article says that most of the overbuilding took place in the outer suburbs around the country in the last few years and now that the market has turned down, these areas are being hit the hardest.
We have been advising our clients for years to buy as close in to the city as possible. The idea of "drive until you can afford what you want" didn't make any sense to us. For … (3 comments)
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seattle real estate trends: Washington State Adopts a New Statue that may Hurt Distressed Homeowners - 06/13/08 04:48 PM
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It was reported today by CNN Money that Home Foreclosures in the U.S. has toped 1,000,000 with Nevada, Arizona, California, and Florida accounting for 89% of the total of all Foreclosures. California, Nevada, Florida, Arizona and Michigan exhibited the greatest price depreciation in all transactions in the first quarter. While Wyoming, Utah, Montana, Texas and Alabama saw prices for all transactions increase the most. According to the NWMLS the Seattle market also saw a slight increase in sale prices as well over the last two months.
And as people were loosing their homes at the highest rate on record for … (1 comments)
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seattle real estate trends: Are Lenders Responsible for a Continuing Downturn the Housing Market Today? - 06/11/08 10:59 AM
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Some say that lenders may be at fault for our tight Mortgage Credit crunch right now, and for all those people that got loans that were interest only or zero down and are now underwater on the property because prices have fallen and then can’t sell the home for what they bought it for etc. etc. etc.
It’s a lot more completed than that. Let’s take a look at this from the perspective of two Realtors that have been doing business in the Seattle real estate market for about 20 years.
First of all, a little over half of our … (8 comments)
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seattle real estate trends: Trends in Seattle Real Estate that they don't teach you about in school - 08/16/07 01:37 PM
We have analyzed the Seattle Real Estate listing and sales figures over the years so we can see early trends and patterns of what is happening in a our local real estate market. In looking at the figures below for King County Washington, which is basically made up of the Greater Seattle and Bellevue area we see and very unusual trend this year. Inventories are increasing, total number of home sold are decreasing, yet home prices and going up. The average sales price in January of 2007 for King County was $464,283 and in July it was $501,689 for a slightly over a 7% … (8 comments)
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David Bell
Seattle,
WA
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RE/MAX Metro
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