tag:blogger.com,1999:blog-15223784.post114696983165705750..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: Unignorable Slowdown In TacomaThe Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-15223784.post-1147236184238009212006-05-09T21:43:00.000-07:002006-05-09T21:43:00.000-07:00That's Seattle Price Drop above. Can't sign in wit...That's Seattle Price Drop above. Can't sign in with my name- always comes out Anon.<BR/><BR/>We've been having constant sales under Asking in Seattle to, but nobody ever pays attention to that. Focus is intense on the handful of properties that go over asking.<BR/><BR/>Would you please move to Seattle and start reporting for the Seattle Times?!!<BR/><BR/>Seattle Price DropAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147235832552826412006-05-09T21:37:00.000-07:002006-05-09T21:37:00.000-07:00Barbara-You are totally ,absolutely amazing and we...Barbara-<BR/><BR/>You are totally ,absolutely amazing and well-admired by truth seekers everywhere.<BR/><BR/>I am SURE that you took a LOT of flack for reporting facts and I and many others thank you for sticking to your guns.<BR/><BR/>You deserve a major promotion. Major!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147065747802063122006-05-07T22:22:00.000-07:002006-05-07T22:22:00.000-07:00Again, the real sign of a slowdownis rising invent...Again, the real sign of a slowdown<BR/>is rising inventory and slowing<BR/>sales. Prices always lag.<BR/><BR/>I am a seller in the midwest market<BR/>and know for sure that the market<BR/>there is flooded with inventory.<BR/>We have dropped price once and<BR/>will have to drop again.<BR/><BR/>Unfortunately I do not see that<BR/>kind of inventory buildup here (eastside specifically). The 2%<BR/>increase is too meager to mean<BR/>much.<BR/><BR/>Only time will tell which way the<BR/>seattle market is going to goAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147028886501515362006-05-07T12:08:00.000-07:002006-05-07T12:08:00.000-07:00Hi folks....I've been keeping track of inventory e...Hi folks....I've been keeping track of inventory every day for the last week or so. It's climbing everyday...are we starting to see the conditions for a slow down in Seattle (i.e., higher inventory and less sales?). Won't know for sure until the #s come out next month. If sales go up in tandem with inventory then prices will hold...but if not then we could see some price reductions.<BR/><BR/>Here's the data:<BR/><BR/>Date King County/Seattle<BR/>Apr.27 6,841/1,967<BR/>Apr.28 6,916/1,989<BR/>Apr.29 6,992/2,003<BR/>Apr.30 6,995/2,008<BR/>May 1 6,977/2,010<BR/>May 2 6,969/2,014<BR/>May 3 6,984/2,051<BR/>May 4 6,995/2,047<BR/>May 5 7,091/2,065<BR/>May 6 7,213/2,113<BR/>May 7 7,249/2,127<BR/><BR/>So there's a clear upward trend in inventory. That's normal for this time of year. Here are some #s from previous years:<BR/><BR/>May 2005 6,782/1,827<BR/>May 2004 9,792/2,454<BR/>May 2003 12,422/3,169<BR/>May 2002 11,034/2,711<BR/>May 2001 10,484/2,719<BR/><BR/>So it seems pretty clear that despite rising inventory, King County and Seattle are currently well below historical norms for inventory. But it could build up fast, and if sales slow then prices drop.<BR/><BR/>'mmeshugyhttps://www.blogger.com/profile/12332798876700147445noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147026859357139452006-05-07T11:34:00.000-07:002006-05-07T11:34:00.000-07:00reporters don't like admitting that their story ha...reporters don't like admitting that their story has holes... it makes them sound incompetent... (which some of them are)<BR/><BR/>Unlike the interview journalists, reporters just spit out the lines that show on the teleprompter...<BR/><BR/>given the nature of live broadcasts they don't even know what they're reading until after they've read it...<BR/><BR/>now the question is who's writing the news...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1147024204825065402006-05-07T10:50:00.000-07:002006-05-07T10:50:00.000-07:00dukes,I've written to a few of these reporters and...dukes,<BR/><BR/>I've written to a few of these reporters and sadly, the only thing you get back regarding an informed discussion is "well, to each their own opinion" and "we'll just all have to wait and see". They're overly objective when writing back to you about the story, and brush of any criticism about their reporting as... 'both sides'. But sadly they never interview an economist or escrow people or anything that might be looking into the clunky guts of the wonderfully shiny machine, that is local REAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1146979332378637532006-05-06T22:22:00.000-07:002006-05-06T22:22:00.000-07:00I'm planning on dropping KOMO a note about their f...I'm planning on dropping KOMO a note about their flagrant pandering story on last nights news.<BR/><BR/>First thing I did when I got up this AM was look up their website.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1146973333525022042006-05-06T20:42:00.000-07:002006-05-06T20:42:00.000-07:00the situation in Tacoma's only going to get worse ...the situation in Tacoma's only going to get worse when all those new condo conversions hit the market at the same time...<BR/><BR/>builders know they have to sell it this summer or lose big... buyers are just waiting till summer is over...<BR/><BR/>the only thing hot this summer will be the weather...(and that's not even that hot)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1146970622008168492006-05-06T19:57:00.000-07:002006-05-06T19:57:00.000-07:00This article's an example of good reporting and in...This article's an example of good reporting and informing the public of the actual RE situation so they are really armed with info they need if they're in process of decision making.<BR/><BR/>Nextquestion: When is ANY news organzation in Seattle going to step up to the plate and do a bit of public-informing?<BR/><BR/>The KOMO news RE rahrah blurb last night was a disgrace to the profession. Hideous.Anonymousnoreply@blogger.com