Friday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
I apologize for the light posting this week. I have been very busy with a major project at home. Thankfully, after this weekend, it's all downhill.
4 comments:
Hi Tim (and friends). I've been really enjoying this blog lately. I'm a RE market watcher in Montana, so it's good to see news and real analysis from the Northwest.
I made a little video about my market and, amazingly, a local TV station found it and e-mailed me. They want to do an interview and show parts of the video on their evening news later this month.
Just wondering if you or your readers have any advice on how to come across. The reporter already said she was interested in knowing my motivations for making the video.
Presumably, I'm going to be viewed as a sort of doom-and-gloomer who wants to ruin the party, put developers out of business, and flush our economy (largely based on construction) down the toilet. I think we have some real problems, and I want to point them out without coming across as a jealous renter.
Any ideas, besides wearing kevlar after it airs? Thanks.
(For the record, I am a renter. But honestly, the more I rent the more I enjoy it. Even if I thought it was wise to buy today, I'm not sure I'd give up the flexibility of renting).
Hi Doug,
Thanks for the question. I'll be posting it as its own post so that you can hopefully get more responses. Also, I didn't realize when I watched your video that you had a site associated with it. I'll be adding that site to my sidebar this weekend.
I found an interesting perspective from a group we don't hear much from: appraisers.
The sad truth is we may not have seen the worst of it. That is, if appraisers have to start checking any of the “no-no” boxes, then all bets are off on a soft landing.
He gives a pretty good overview of the role of appraisers and how they influence the lending market.
http://soapbox.millersamuel.com/?p=264
On Wednesday, Ardell said:
"King County Inventory:
Over $1M - 1,025; highest sales in one month 210, expected 105. 8 or 9 month supply
...
Less than $200,000 - 246; highest sales in one month 309, expected 150, less than 2 month supply"
Ardell,
Thanks for the breakdown you did that looked at months of supply for each price range in KC. That was really helpful and interesting. I look forward to seeing the analysis you were planning to do of those stats broken down by area (Kirkland, Redmond, etc.).
I'm interested in what will happen to lower-priced properties when the market is oversaturated by higher-priced properties (as it seems to be from your analysis). How might price reductions "trickle down" from the high-priced properties to the lower-priced ones?
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