seattle eastside: OK, so greater Seattle's market took the hit, what next?
- 02/04/09 02:59 AM
For those of us who felt like we couldn't get the "real estate flu" to the extent that other states were experiencing, now we know that the press can manipulate markets everywhere, even Seattle, which was just re-ranked the third most desireable city in the United States to live. It didn't help that Microsoft recently announced layoffs, of which 700 will be from our market, or that WAMU imploded, and Boeing is cutting back, etc. Yes, there were excesses created by too many builder/investors taking unnecessarily high risks as property values got bid up, and the same wreckless lending practices, so it was headed for … (2 comments)
seattle eastside: How many of you have certainty about the market direction right now?
- 03/28/08 03:45 PM
This is my first blog entry, so just testing the water a bit! We are so lucky to be part of a healthy market here in the Greater Seattle marketplace, we are thankful to be sure. How many of you are willing to predict that we are going to come out of this anemic phase of sales by summer? Or will it be by election time that we will be well on our way to a new balanced market? Are prices going to fall further, or stabilize, and when? Personally, I think things are going to get tougher for the next four to six months before we … (7 comments)
For those of us who felt like we couldn't get the "real estate flu" to the extent that other states were experiencing, now we know that the press can manipulate markets everywhere, even Seattle, which was just re-ranked the third most desireable city in the United States to live. It didn't help that Microsoft recently announced layoffs, of which 700 will be from our market, or that WAMU imploded, and Boeing is cutting back, etc. Yes, there were excesses created by too many builder/investors taking unnecessarily high risks as property values got bid up, and the same wreckless lending practices, so it was headed for … (2 comments)
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