February 6th, 2009Redmond Washington House Declines 18% In One Year
This house likely went on the market in Redmond even before the announced Microsoft layoffs.
It’s listed on Zillow for $584,900, but was last sold in January of 2008 for $717,192. That’s an 18.5% price decline in just a little over 1 year. Just stop and wonder what kind of price declines there will be 1 year from now, with thousands of additional layoffs, more salary cuts, missing speculators, tighter lending standards, and (hopefully) smarter consumers…
Now is NOT the time to buy…
February 16th, 2009 at 3:13 pm
Hello. Great job. I did not expect this today. This is a great story. Thanks!