This is interesting from last week. 1) If the numbers are relatively accurate (Q2 relative to Q1) the downward trend in underwater homeowners is a good thing. 2) Empirical evidence of why we are experiencing a shortage in supply, and 3) interesting bell curve based on age of owner/borrower; I’m guessing those numbers are due to frequency of move, appetite for risk and the high income/lower savings rate often associated with the top of the curve. "http://www.prnewswire.com/news-releases/negative-equity-falls-in-second-quarter-nearly-half-of-borrowers-under-40-remain-underwater-167166435.html?
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Uncategorized • August 27, 2012
Zillow report on negative equity, regionally and by age
by Michael Doyle
Case Study Case Study: 5524 Ashworth Ave N There are a few things that stand out for me in this project. They are: The importance of a good process The importance of a good team to implement that process Standing firm on price when appropriate, and The importance of managing the appraisers visit As I left this property after meeting with […]
Case Study Case Study: 4202 Bagley Ave N This project was a study in: Exercising restraint until the "right" time The importance of pre-inspection The importance of great staging The importance of great photography The importance of my getting in front of the buyer when possible to establish trust (for them) and to see first-hand their motivation (for my clients) Picking the right […]
Uncategorized Red hot rentals: Seattle’s South Lake Union vs. San Francisco Interesting article from GeekWire regarding residential rents in Seattle (my nowtown) as compared to SF (my hometown). It makes me wonder: Without SF-like rent control laws, do Seattle renters actually have more to fear than SF renters over the long term? Is the incentive to buy more significant here than there? If it is, at […]