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Home sales beginning to pick upLeaders seeing more first-time buyers entering the market
An $8,000 federal tax credit, low interest rates and declining home prices make a good combination for first-time home buyers.
And those looking to buy now are prepared. They know what they can afford and what…
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It will be hard to forget what a crappy excuse for a journalist Kimberly Jacobsen is...this story reads like a bad advertisement and for some dang reason one expects more from a paper than advertising...advertising for manipulative and in-trouble r.e. brokers in Anacortes. |
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As a 42-year Broker-Realtor survivor in Anacortes I can say that Kimberly’s coverage of the Real Estate market is very accurate in most departments. Using the principal of 4-5% based on the 2004-5 prices is niave to say the least. Marketing is taking existing closed and recorded sales from county records and either adding or subtracking the known average percentage from documented listing prices compared to sales prince on similar properties. Most records over the past three years show sales dropping between five and fifteen percent from the original list price to the actual sales price on most properties. This trend appears to be continuing at this moment. Not until the existing inventory has been reduced significantly will the market rebound. Supply has overwhelmed demand. While there are some sales indicators showing increased activities, one must investigate deeper into the number of those from forclosure and short sales. There is little difference between the two. Both reflect a decrease in a buyers willingness to pay the original established value of the property and the increase in a seller or the bank to lose a percentage of their original investment. |
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Dear Grad 50,
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Dear Stop This- Your right, because of greed, demand and denial, we did sell lots of overvalued property. But it was the people like Barney Franks, Chris Dodd and many very selfish, disingenous politicians, CEO’s and Appraisers who fueled the failure of our system. We Realtor’s failed by not giving the public honest oversight when the rediculous financing programs and promotions surfaced during the last 3 1/2 years. Property values were also influenced by a taxing system in the State of Washington tied to the antiquated idea that property values are constant. Journalism is not a fair evaluation of markets. Markets rise and fall every 8-10 years. That’s the simple history of it. Journalism properly administered should have revealed four years ago that we were headed into this climatic result which has yet to see its ending. Based on experience, not subjectivity, my personal belief is the market will level out after another 20-30% adjustment nationwide and the Northwest market will not be left out of the fall. Real Estate is a crap shoot at best. Those who follow the trends investing in the down markets will prosper. Those who listen to the Gospel of the sydicated office Brokers who speak to protect their industry will make poor decisions in the long run. There is no substitute for experience in this industry. “All power is in the land” was once proclaimed by the Greek philosopher. He was right! The down side to that is supply and demand in the market place which generates GREED. Get used to it. |
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that post was a shot of crap… |
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