Housing: Recently Popular Faves

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AdEmp — Mon, 03 Nov 2008 03:00:55 GMT

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AmmInfo — Mon, 03 Nov 2008 03:15:44 GMT

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AmmInfo — Thu, 23 Oct 2008 01:59:20 GMT

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AdEmp — Fri, 31 Oct 2008 07:20:18 GMT

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Seattle real estate rated No. 1

Rich — Tue, 28 Oct 2008 16:30:50 GMT

Quoted: On an eight-point scale reflecting investment value, Seattle was ranked 6.2, according to the 30th annual study of emerging trends in real estate from PricewaterhouseCoopers and the Urban Land Institute.

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Stocks fluctuate as investors weigh economy

Rich — Mon, 27 Oct 2008 15:58:57 GMT

Although prices for homes continued to drop, the number of sales of new single-family homes rose by 2.7% in Sept, defying expectations that they would drop below August's rates.

Quoted: Beyond that, investors were cheered after sales of new homes last showed an unexpected increase in September. While median home prices have dropped to the lowest level in four years, investors appeared pleased that the market was beginning to chip away at an inventory glut. The Commerce Department reported that sales of new single-family homes rose by 2.7 percent in September to a seasonally adjusted annual rate of 464,000 homes. Economists had expected sales would drop from August.

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Homebuilders in region hurting despite what you see

Rich — Mon, 27 Oct 2008 16:14:25 GMT

I last Faved an article talking about how new home sales increased nationwide in September (compared to August).

The Seattle Times reported this morning that locally, that was not the case. The problem here is lag. Since new home projects take several years to permit and build, many project sites were started at the apex of the housing boom. Now that the market is stalling, so are many of these projects.

Due to the glut of new homes, there are good deals and discounts to be found. The best deals my clients have found this year have been in new construction projects.

This article also reinforces the belief that buyers are out there, but they're just gun shy and waiting for signs of recovery before they'll return to a buying mood.

Quoted: For-sale signs are lingering longer on new houses, but there's no tide of abandoned, half-built houses, nor are major subdivisions canceled.

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AdEmp — Wed, 22 Oct 2008 09:59:17 GMT

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Downtown slowdown: Seattle, Bellevue building projects take a hit

Rich — Sun, 26 Oct 2008 17:46:05 GMT

Even at the height of the real estate boom, few people believed that the ever-increasing number of new construction projects in Seattle and Bellevue would be a good idea. The initial wave of new projects was a welcome occurence from the downtown cores which did not have enough residential capacity. Then came more and more projects, most of them in the luxury or ultra-luxury categories, for which there could not possibly be enough buyers. I believed that downtown Bellevue would have the demand to even out the supply, until nearly a dozen new projects came up that would have flooded the market with thousands of more units.

Now it's no surprise that many of those projects have stalled or been delayed indefinitely. The 1 Residences in downtown Seattle was slated to be a high-end condo-hotel. When I checked prices in mid 2007, they were quite high, over $600K for what amounted to the cheapest studio condo-hotel unit available at that time. Now, it is a giant hole in the ground with no definite completion date.

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ainge44 — Tue, 18 Mar 2008 17:23:23 GMT

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