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Tag: home prices

A bubble or a balloon?

A bubble or a balloon?

As home prices continue to escalate at a mind-boggling rate, the big question among real estate professionals these days is whether or not this constitutes another bubble. Leading economists seem united in their response that it is not. Their reasoning has to do with governmental safe guards that have been put in place to further regulate the banking industry. “Liar loans” (i.e. loans based on non-verifiable resources/assets) are a thing of the past, they say, so only people who can…

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Good News in Seattle Real Estate

Good News in Seattle Real Estate

The Good News In Real Estate courtesy of Prudential Northwest Realty Associates, 2012 ‐ 4th Quarter Quotes, Issue 71 Excerpted from The Seattle Post Intelligencer ‐ December 5, 2012 Seattle‐Area House Prices Surge…King County house prices rose by nearly 20% over the past year, according to a new report. The median price of a King County house that sold in November was $385,000 up 19.7% from a year earlier and 4.1% from this October, the Northwest Multiple Listing Service reported. The median price in Seattle…

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Are sellers back in the driver’s seat?

Are sellers back in the driver’s seat?

ONE IN FOUR LOCAL HOUSES SOLD FOR OVER LIST PRICE IN APRIL We’ve been hearing a lot about how much hotter this spring has been than spring in other recent years, and the stories of bidding wars seem to be getting more frequent.   Below is a visual picture of the trend by plotting the percentage of houses that sell for over their list price each month.  This is looking back at sales data for King County from 2008-2012 with April’s…

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