Is the Housing Market Stabilizing?

By
Real Estate Agent with Better Properties Seattle

If wishes were horses, beggars would ride, and wishing the market to be better is not providing a good and valued service to your clients.

I wrote a blog post today about where I think the market is...and where it is heading, but not with wishful thinking...but cold-hard facts and a bit of projection regarding some red flags I am seeing.

Seattle is quite different from most parts of the Country, in that our cup is 95% full as to price and half empty as to volume. 

But I do urge those who shell out advices day in and day out regarding good time to sell and good time to buy, to study their own market in depth before offering advices.  Or look for currently relevant and local forecasts to back your answers with.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Washington King County Seattle

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,311,924
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

In my area, which is a secondary home/discretionary market, sort of like on Orcas or San Juan Islands, it doesn't follow the trends of a city marketplace.    We do seem to be strengthening up, here.

Li

Jul 21, 2008 11:00 AM #1
Rainer
3,020
Hunter West
KW Commercial - Wickenburg, AZ

Same as Li Read we are located in a second home market. Our number of transactions has dropped slightly, but the average price has raised!! Now being that summer is here and it is extremely difficult to convince buyers to look at houses in 120 degree weather, it becomes a matter of....Come on fall!!!

Jul 21, 2008 11:04 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
304,760

ARDELL DellaLoggia

Ask me a question
*
*
*
*
Spam prevention

Additional Information