Housing prices falling around the nation, including the Seattle area

Bellamy Pailthorp — Wed, 30 Mar 2011 21:15:23 +0000

http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-960609.mp3

A "...boatload of loans, sitting in foreclosure," or on the verge of being taken back by the banks. Those are the words of one economist, talking about what's happening in the real estate markets of major cities, nation-wide. The greater Seattle area is no exception.

The numbers come from the Case-Schiller index and they're not pretty.

King County home prices down 7% compared to last year

Bellamy Pailthorp — Fri, 04 Mar 2011 15:22:02 +0000

http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-955852.mp3

Foreclosures and uncertainty are clogging up the real estate market, and one local expert says prices won't go up again before next year.

The median price of a home in King County is down nearly 7% compared to a year ago. That's one of many tidbits in the mass of numbers released this month by the Northwest Multiple Listing Service.

Sales data for February show the median sales price in Washington's most populous county down 7 percent compared to last year. The median price of a home in King County has dropped to $320-thousand dollars. That's about $23,000 dollars less than in February of last year.