q: How can you tell a realtor is lying?
a: Their lips are moving.
None of them will ever admit that prices are going down. For them its always, "Buy now! They aren't making anymore land!! Buy now or be priced out forever!!"
I have watched as condos in Seattle that were going for 280K at the begining of the year now being sold for 380K in October. I hope the whole house of cards comes crashing down on the speculators heads as soon as possible.
You are absolutely correct. I've spent over 80% of the last thirty years in title insurance, and that's what they always say. I lost a title insurance job in mid-August, the bloom was off the rose at that point, as far as new title orders were concerned. Figures that you read in today's paper are from September closings, where the deals were inked back in June or July.
It's all downhill for real estate from here. Sure glad I found a job outside of that industry.
Not in Seattle.
Geography plus the land management legislation equals no end in sight for spiraling upward real estate prices. And as long as Californians are leaving their state with wheelbarrows full of cash to invest in "cheap" Seattle real estate, there's no end in sight.
Ahhhhhh.... Refreshing to see an extreme liberal on FR (are you Algore? John Kerry?)! Amazing that you will actually be glad if and when people lose on their investments. A perfect democrat - hoping for people to be hurt, hoping for bad news...