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Puget Sound Absorption Rate - January 2009 - 02/09/09 10:36 PM

Absorption rates are based on the ratio between active listings and the net number of homes that are in the sale process. As you review the charts below, it’s apparent that we are experiencing the (usual) annual rise in sale activity.
I will keep my commentary to a minimum on these statistics because, despite all the optimism and speculation by the local real estate gurus, these sales numbers hardly predict what’s going to happen this year. There are macro-economic factors at play right now that boggle the mind: incredibly low interest rates, home prices eroding, a possible glut of lower-priced/bank-owned … (0 comments)

To Buy or Not To Buy - That is THE Question - 02/07/09 12:06 PM

One of my favorite on-line real estate publications is www.marketwatch.com. Quite often I find that the authors provide honest and sober analysis of the marketplace. Today Marketwatch published two interesting articles: Five Reasons to Buy a Home This Year and Five Reasons Not to Buy a Home This Year. I’m going to list the reasons for and against and I’m also going to comment briefly on each. I’m curious if any of you have your own thoughts about this subject.
First, lets summarize the 5 reasons to buy:
Affordability is better than ever You have a large inventory to choose … (2 comments)

House Prices Retreat, Inventories Fall but It's Still a Difficult Market - 02/05/09 07:06 PM

Two articles caught my eye today. The SeattlePI reported a drop in King County home prices to 2005 levels. Of particular note in the article were the following comments:
Pending home sales were higher in January than a year earlier in eight of the 19 counties the listing service covers. But sales in Seattle and King County dropped 10.8 percent and 17 percent, respectively, from January 2008 The median price, $382,500, was down more than 12 percent from a year earlier, 5 percent from December and 20 percent from its all-time high of $481,000 in July 2007, according to the … (0 comments)

 

James Lupori, Associate Broker Keller Williams Realty - 206.713.2102

Kenmore, WA

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Keller Williams Greater Seattle

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A Blog about Kenmore by James Lupori, Realtor(c) and long time Puget Sound resident.


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