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  • Rain City Mortgage Rates (18)
    • Kary L. Krismer: As to 17: What are you if you act on the advice of an anonymous poster on an Internet blog? As to 13: Ardell, I’m not so sure the market was top...
    • synthetik: ALERT: if you are planning on closing a mortgage with loan amounts of $417,001-$567,500 by the end of the year, you are a freaking moron. Deflation folks....
    • ARDELL: Sorry, thought sampai’s comment was on my post where we were talking about his condo post. Didn’t mean to hijack your post, Rhonda :) I’m a...
    • Kary L. Krismer: Ardell, re #13, if that was in response to #10, what I was referencing was rapid appreciation over a short period of time, not absolute value. If...
  • $7,500 1st Time Buyer “Credit” is a LOAN (33)
    • Kristi: I have a question, If we purchase a home and close on February 6, 2009 when will we recieve the $7,500? Right away, not until we file our 2009 taxes?
  • Did the recent market shift affect Hitler too? (28)
    • Kary L. Krismer: I don’t listen to enough of those people to know. Maybe Rogers? The problem is you need someone that’s consistently one position to...
    • Eleua: KLK, Would you care to name a particular “broken clock?”
    • Alan: Take a look at these quotes from Taleb: http://www.fooledbyrandomness. com/imbeciles.htm
  • Wells Fargo to Cut Jobs in Wholesale Lending (2)
    • Russ: Rhonda: You are correct. The true broker market is going to be decimated. There will not be any mom & pop broker shops anymore. All of the lenders are...
  • Nana needs a booster seat by tomorrow night (16)
    • ARDELL: The airlines are charging for every bag and item these days! We borrowed Joan’s, which was a blessing. It’s not even 2 p.m. of day one and I...

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Tag: market

King County Median prices fall over 10% YOY. Quite frankly, maybe today’s Seattle Times headline will help the market.

This has been on my mind for a while, so I’ll throw it out there for people to discuss.  Sometimes a non-agent can introduce topics that the real estate community may be uncomfortable in discussing with their clients.  So, here goes…..
The topic:  Is this lousy news for sellers just the spice to get them to [...]

Some agents and loan officers need to just say, “No.”

There is a lot about the real estate industry that needs improvement.  But, there are some very stand-up hard working salt-of-the-earth real estate agents and loan officers that are working in a challenging market and who are literally bailing out financially challenged homeowners.  They are making things happen and are doing what they can to [...]

Sunday Night Stats - King County

We’re just past the halfway point on the third quarter, and condo prices are getting much lower.  Unless we see a major change in the next 5 to 6 weeks, the MPPSF is showing down over 11% from peak At $274 vs. $311.  Not a big surprise, as pending stats have been low, so it [...]

Next Week on Rain City Radio: Tim Ellis

Fresh off an great conversation with Tracy Record of the West Seattle Blog, I’m really excited to have Tim on our show next week!   I’m sure we’ll talk about all things Seattle bubble as well as Tim’s great new parody project: Naked Loon.
Please set aside Tuesday, July 1st at 4pm to join us!   And if [...]

Welcome NYT’s readers!

I had a wonderful conversation with Stephanie Rosenbloom a few days ago and was thrilled to help her out with her story about using social networks (and Facebook in particular) for business purposes.
In the story, she mentioned my internet marketing seminars for real estate professionals as well as the associated Facebook group for 4RealzEd.
And while [...]

Predictions: helpful or counterproductive?

The dialogue between commenters has been interesting to read on Ardell’s most recent post about predictions.
Is this a helpful or counterproductive prediction?
“So, don’t be swayed by media reports of a ‘disastrous housing economy.’ Take the long-term view and be confident that your home will continue to appreciate in value. And know that if [...]

Free Speech? Miami Realtor/Blogger sued by developer for $25Million

It was reported by the Miami Herald that a local Realtor blogger is being sued by a developer who is not pleased that the blogger, Lucas Lachuga, remarked that the development was “doomed” on a January 10th post.
”Like any other blog out there, it’s a collection of my unbiased opinions and thoughts,” he said. [...]

Is this what I’ll encounter working in the Bible Belt?

My talented transaction coordinator, Dawn Andvik, sent me an email today to share a link she thought was outrageous in nature. After viewing it, I agree.  The comments that have come in from online viewers have been scathing for the most part.  Take a quick look and see if where it hits you. Personally, I [...]

2007 Still looking like a Seller’s Market

I ran my stats this morning to track where the market is heading for 2007, based on properties For Sale, In Escrow and Closed so far since the first of the year. I use the stats for Bellevue, Redmond and Kirkland as the basis for my market research, as this area has a huge component [...]

Tightening Lending Standards: A market conundrum

What will lending standards look like 6 mos. or a year from now? Will lenders with more stringent qualifying standards be a drag on the market? At minimum, it will change the complexion of the pool of buyers. Some ramifications of tighter standards that come to mind:

reduces ability of consumers with [...]