Don’t support this NAR effort to encourage meddling in mortgage markets
One of my complaints about NAR is that they tend to support efforts that help real estate agents and brokerages, in the short run, at the expense of the long-term economy. One of the lessons from the recent real estate and mortgage downturn should be that government meddling in the markets… especially by providing implicit […]
We survived our first audit from DOL
I found out Friday that the Washington State Department of Licensing audits all new real estate brokerages their first year. I found out because of a phone call from the auditor who was waiting outside my home/office. (Yes, we run the company out of our home. I meet clients at their office, home, at a property they are […]
Real estate news highlights for the Puget Sound
Amazon buys its headquarters’ campus for $1.16 billion. Amazon.com has agreed to pay $1.16 billion to buy its 11-building headquarters campus in Seattle’s South Lake Union neighborhood, according to an Amazon regulatory filing and a release from the seller, Vulcan Inc. http://www.bizjournals.com/seattle/blog/2012/10/amazon-to-pay-116b-for-11-seattle.html?ana=e_du_pub&s=article_du&ed=2012-10-05 Industrial market in Puget Sound set to improve The industrial real estate market […]
King County – Eastside absorption rates for office space
Are you wondering how office space is doing on the eastside? There are definitely pockets where things are looking better, but still quite a bit of space available. As you can see from this graph, absorption is still up-and-down. But, its definitely looking better (for landlords and investors) than it did in 2009 and 2010. […]
Email marketing for Vacation properties in Cle Elum
Starting to work on more email marketing. The following email went out to 54,000 recipients (not spam… this was an email list of “double opt-in” recipients). The recipients are supposed to be camping/RV enthusiasts. We had around 1300 people actually read the email and 91 people click links. I’m hoping to improve the response next […]
King County – Eastside – August 2012 Commercial Sales Summary
The following eastside commercial property sales were reported/researched by the Commercial Brokers Association and Northwest MLS in August. Contact me for details or for a market report for your specific area. [skype-status skype_id=”Jason.TellusRE” user_name=”Jason Hershey, Designated Broker” button_function=”Text” use_voicemail=”False” use_getskype=”False”] Property Name Property City Recorded Date Sale Price Building SF Price / SF Year Built […]
Is real estate a good investment? Compared to what?
Many folks ask the question “Is real estate a good investment?” And, almost many people are quick to provide an answer… some will say yes, and some will say no. This question came up recently in a blog post over at www.SeattleBubble.com (http://seattlebubble.com/blog/2012/06/29/king-county-home-prices-affordability-1950-q2-2012/). The post noting value changes ends with the comment: “Ten to thirteen years, zero […]
New landlord training – class notes from Landlord 101
This page includes class notes and slides from our “Landlord 101 class. Also, we have some notes and comments from during the class. First, here are the slides from the class Next, here are some links and additional info from the class. Some of these will become links of their own: Links: www.rha-ps.com – Rental […]
NWMLS News release – September housing statistics around Washington indicate recovery is continuing, strengthening sellers’ positions
Here is the text of the NWMLS news release. Below that is a link to www.SeattleBubble.com which provides an alternate view of things. I have my doubts that this summers’ market means a full blown recovery of the real estate market. But, I do think its a sign that things are better on the residential […]