New Home Sales Up (OK, you assumed that, why does it matter?)

It matters because…(as the rights-protect WSJ article points out), Buyers have a real affinity for new homes. I'm assuming that is because people are busier, more distracted, etc than ever before. So, they want plug-n-play, no hassle options. Not buying a new home, why do you care? Well, if you are _selling_ a used home…you want, as much as possible, to position your asset as "next to new" so it fares well against the new home competition. Not selling a home, but buying one? Sure, that's tough these days. Homes that are present well, promoted well, and priced well go quickly and often in multiple offers (at least in Seattle and other hot markets). So…look through the dust at "diamond in the rough" options. You'd be surprised how much a willingness to hire a painter and/or landscaper can save you. (or, do it yourself, of course) http://www.foxbusiness.com/news/2013/05/23/us-new-home-sales-rise-prices-at-record-high/

Posted on May 24, 2013 at 3:36 pm
Michael Doyle | Category: Uncategorized | Tagged , ,

670 New Condo Units in Belltown?!

Well, there goes the “there are no new condos coming out of the ground” argument. It looks like we can expect 335 new units by the end of 2014, with 335 more to follow if the developer feels that demand will support the supply. This underscores one of the challenges with assuming supply/demand-based appreciation in in-city condominiums; when there are empty lots around, there is potential for more supply. http://www.djc.com/news/co/12041770.html

Posted on June 8, 2012 at 5:17 pm
Michael Doyle | Category: Uncategorized | Tagged , , , , , , ,