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Casey Bui

Edmonds budget shortfall may mean additional levies

04-27-11
Casey Bui

It's no surprise that with the current economic straits our various communities are in that the city of Edmonds also has issues. One ongoing issue is the lack of funds to pave our streets. Here's a good overview of what city leaders are considering. Come August, it looks like we'll be asked to vote on at least one levy to raise more money for Edmonds street maintenance and possibly parks.

Casey

New statistics fo Edmonds/Lynnwood/Mountlake Terrace housing

11-02-10
Casey Bui

Graph chartNew stats came out this month that show our neck of the woods is still suffering from economic jet lag. For the Edmonds/Lynnwood/Mountlake Terrace neighborhoods, housing sales volumes dropped from 158 homes sold last September to 126 this September, for a drop of 20.3%. Year to date, though, we've actually sold more units than last year at the same time. But it might still be too optimistic to say we're out of the woods based just on that statistic alone. After all, the median price of $295,000 for Sept '10 is still 2.5% lower compared to last year ($310,000). Oh, and it's taking twice as long to sell real estate than it did last year at this time.

On a bright note, these numbers are better than other areas in Snohomish County - like Everett, Mukilteo, Mill Creek, Monroe, Marysville & Arlington/Lake Stevens.

Light at end of tunnel

Statistics aside, I still see the light at the end of that very long tunnel now. Buyers are ever so slowly getting back into the market with record low interest rates and affordable home prices. If you're considering buying OR refinancing, here's a nice tool that will help you comparison shop and figure out payments. No surpise: it's from Google (again).

Casey Bui, REALTOR
Edmonds, WA

PMI Housing and Mortgage Market Review

10-19-10
Casey Bui

Here are some statistics courtesy of PMI and the National Association of Realtors.

These housing and mortgage data may be a bit much but it gives you a good snapshot of what the national market looks like today.

You can follow this link for regional data.

Casey
Edmonds, WA

Realtor estate agent #10 most stressful job

10-19-10
Casey Bui

According to CareerCast's 2010 list of most stressul jobs, real estate agents have cracked the top ten list at #10 (out of 100 that were rated).

If you're interested to see if your job is any more stressful, here's a link to the article.

Real estate agent came in No. 10 as most stressed occupations on a list of 100 jobs. Have you hugged your Realtor lately?

Economic update

10-13-10
Casey Bui

This is just a quick update to let you all know how we're doing in our little corner of the world. I'll try and provide these updates monthly and make them super easy to read in 10 seconds via bullet points. Charts are courtesy of Bill Conerly.


Bottom line?

  • Big business if pretty confident right now but small business and consumers are not.
  • The cost to borrow money is still ridiculously low.
  • WA state poverty is lower than national average (thanks to a stronger state economy).
  • Employment growth has actually been positive in Tri Cities area (thanks to federal money) but still lags everywhere else.

confidence chart

poverty chart

Casey
Edmonds, WA