Chuck on 03 19, 2010 | No Comments
This post is partly a follow on to Ardell's earlier New Bottom Call post and comments on where our greater Seattle / Bellevue area home prices might go over the next few years. When people ask me "How soon are home prices around here going to recover?", I have been saying that I don't think they will 'recover' for at least 3 to 4 years. The question usually comes from some…
Read MoreARDELL on 03 18, 2010 | 16 Comments
Earlier today I posted my thoughts on the King County Housing Market for 2010 and received this question on twitter: @VAF_Investments asks @ARDELLd - This downward price expectation kind of goes ag…
Read MoreARDELL on 03 17, 2010 | 12 Comments
One of the problems with today's real estate inventory of homes for sale, is that it is difficult to determine if the asking price is a fair price. Today I received an email noting that the price of a home was reduced by $200,000. It is today $300,000 less than the day it went on market about three months ago. Think about how scary that is to a would be home buyer! Someone could have paid $300,000 more for it than the asking price today, and who knows? That "new reduced price" could still be $300,000 more than someone will end up paying for it. This is particularly true of the home I am ref…
Read MoreARDELL on 03 16, 2010 | 15 Comments
Even though I do not have my photo on my business cards or signs at present, my clients have on occasion asked me this question when we enter a house where the agent's picture is on the sign. Even wh…
Read MoreARDELL on 03 16, 2010 | 14 Comments
First and Foremost...HAPPY BIRTHDAY RHONDA PORTER!!!!!!!!!!!!!! The Pacific Northwest Housing Summit will be held this Thursday, March 18th at the Seattle Center. The details of who will be speaking at that event are in the link, and Rhonda promised to stop by in the comments to describe it a bit further. The Washington Association of Mortgage Professionals is largely responsible for that event, along with several other sponsors, and there is a cost of entry. I think the cost is $80 or so $69 if you pay at the door. I'm pretty sure both Rhonda Porter and Jillayne Schlicke will be at the eve…
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