Our Greater Seattle-Bellevue-Eastside real estate market is continuing to look a lot more solid, with good statistics and even a little good press. We had a late start this Spring while everyone was still justifiably nervous about what was going on with the economy, so maybe we can expect a little stronger Summer/Fall season to [...]
Posts under ‘Regional News’
Food For Thought: This Is Beginning To Look Suspiciously Like A Recovery
The statistics and charts below from our July Market Update look to me like our Greater Seattle / Bellevue / Eastside housing market may be in the early stages of a recovery.
Residential Sales Charts Condominium Sales Charts
Given all the doom and gloom we hear about the housing market, it is fair to ask “How could that be?” So here’s [...]
July ‘09 – Reiling’s Real Estate Market Update – Greater Seattle, Bellevue, King County
There’s something interesting going on in our Greater Seattle / Bellevue / Eastside housing market. It’s hidden inside the statistics and charts, so let’s dive in.
The links below provide a graphical summary of Real Estate Market Statistics for the Seattle/King County area over the past 3+ years, for single-family homes and for condominiums. The volume [...]
June ‘09 – Reiling’s Real Estate Market Update – Seattle, Bellevue, King County
The links below provide a graphical summary of Real Estate Market Statistics for the Greater Seattle / Bellevue / King County area over the past 3+ years, for single-family homes and for condominiums. The volume of sales is picking up, median prices seem to have stabilized, and the number of homes available in the lower [...]
Fall-Out is now a real estate term too
The rate of fall-out of signed transactions that don’t actually close is rising rapidly; i.e. a Buyer made an offer on a property and the Seller accepted the offer (and the transaction was marked Pending in the MLS), but the transaction never gets closed, the Seller never gets his or her money, and the Buyer never [...]
What’s Really Going On In The Real Estate & Mortgage Markets…
With all the good news, bad news and puzzling news coming out lately on the real estate and mortgage markets, including lots of stuff on short sales, Rick Robertson and I decided to go ahead and do an updated version of our ‘What’s Really Going On In The Real Estate and Mortgage Markets’ seminar – [...]
Short Sales are in the news, and in our face
I had occasion a couple of weeks ago to do some digging for Short Sale listings in West Bellevue – the area west of I-405 and north of I-90 including Beaux Arts, Enatai, Medina, Clyde Hill, plus Hunts Point and Yarrow Point on the north side of Hwy 520. As a refresher, in a Short Sale an insolvent seller [...]
Which Headline Would You Choose?
Seems like we are all just inundated with headlines screaming bad news from all over the country. But sometimes it pays to look at where the headlines come from, and why they were picked for publishing. Here’s an example: if over a year or so the number of sales of high-priced homes drops a lot, [...]
‘Buyers’ Market vs ‘Sellers’ Market – Both in Seattle?
The single variable that most clearly measures whether we are in a ‘Sellers’ market or a ‘Buyers’ market is ‘Months Supply’, a measure of how fast homes are selling relative to the number of homes on the market. Generally, if Months Supply is under 5 months, good properties are in short supply, and Buyers have to compete to [...]
Maybe This Is A ‘Shoulda’ Kind of Year
This is beginning to look like a ’shoulda’ year. House prices rolled back
three years, interest rates at historic lows, lots of inventory and
bargaining power. The kind of year where maybe 5 years from now you will
say to yourself “I should’a bought then.” But of course it doesn’t feel
very good right now, does it? When the [...]