Windermere announced its company website will now include all open houses, not just Windermere Real Estate’s open houses. This is a good thing. Consumers expect to get quality information about the real estate market from a real estate website. Sharing all the data makes perfect sense. A top quality website enhances the customer experience, which…Read More »
The sales prices for homes on Seattle’s Eastside is similar to the popular price ranges for home sales early this year, as shown by the chart below. The total number of sold homes varies by just a few percent from winter, 2009 to May, 2009. In May, 89% of home sales on the eastside were…Read More »
(pended means the number of condos that got offers this month) (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month. So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale,…Read More »
The Seattle area real estate market is going from green to yellow. The map colors have changed on these real estate maps, representing a shift in the real estate market. Here’s what these maps show: Each NWMLS (Northwest Multiple Listing Service) real estate area in the two counties is shown on the maps. For example,…Read More »
The chances of selling a home on the Eastside in May 2009 ranged from a low of 12% to a high of 23%, with an average 16% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) Numbers are rounded off to the nearest whole…Read More »
The $8000 first time home buyer credit cannot be used towards a buyer’s downpayment. It’s dead on arrival. After much fanfare last month and at the “gentle” urging of the IRS, HUD re-evaluated the potential addition to the first time home buyer program and decided against using the tax credit towards a first time buyer’s…Read More »
I’m having a bad real estate day because of an appraisal and I was just about to rip my hair out until I read Kris Berg’s excellent piece which did make me laugh about the “fun” we are having with appraisals these days. Kris has a great way of getting serious issues across to her…Read More »