Comments on: Sunday Night Stats

By: Kary L. Krismer

Kary L. Krismer — Tue, 26 Feb 2008 16:10:24 +0000

Rhonda wrote: “I’m actually working with more buyers now that the rates are going up than I have in a while.”

It’s sort of like people going to Safeway when the snow starts to fall. All of a sudden a lot of people realize: “I need food!”

By: Kary L. Krismer

Kary L. Krismer — Tue, 26 Feb 2008 16:09:07 +0000

Ardell wrote: “I’d guess it to say that more higher priced ones are new construction that stay in escrow longer. Can’t close until the whole building is complete, or at least the first move in phase.”

That’s why when I’m trying to estimate sales for the month and absorption rates I exclude pendings for built in 2007-08.

By: ARDELL

ARDELL — Tue, 26 Feb 2008 03:06:45 +0000

That includes condo conversions as well, BTW.

By: ARDELL

ARDELL — Tue, 26 Feb 2008 03:04:29 +0000

I'd guess it to say that more higher priced ones are new construction that stay in escrow longer. Can't close until the whole building is complete, or at least the first move in phase.

By: I Say,

I Say, — Tue, 26 Feb 2008 01:54:51 +0000

Escrow median price > Closed median price for both condos and SFH. Could this mean that more higher priced units are falling out of escrow than lower priced units?

By: Rhonda Porter

Rhonda Porter — Tue, 26 Feb 2008 01:31:56 +0000

I’m actually working with more buyers now that the rates are going up than I have in a while.

By: don greenup

don greenup — Tue, 26 Feb 2008 00:32:00 +0000

Yes I was – go to my blog and watch the video – bottom line rates are going up. Very few fools left
that want 4 % 10 year bonds

http://dongreenup.blogspot.com/

By: Kary L. Krismer

Kary L. Krismer — Tue, 26 Feb 2008 00:28:43 +0000

For data going that far back, check out post 91444 here:

http://blog.seattlepi.nwsource.com/realestate/archives/130120.asp

By: Kary L. Krismer

Kary L. Krismer — Tue, 26 Feb 2008 00:25:03 +0000

Don, were you around here in the late 70s, early 80s? One factor alone, like interest rates, doesn’t control the entire market. If interest rates go up, prices are more likely to go down, but they can still go up!

Also, just because interest rates have been heading up, that doesn’t mean they will continue to do so. Being able to accurately predict interest rates could make someone a lot of money.

By: don greenup

don greenup — Tue, 26 Feb 2008 00:02:25 +0000

Prices will continue to stay flat or down in the Region. Rates are headed up 6.5% plus -