We have numbers for July. Inventory is up compared to June, down compared to July of last year. Not the good news I was hoping for, but better than it could be.
It’s trendy to complain about the traffic in Seattle, but I-5 had a particularly spectacular traffic event: an escaped pig went wandering up the highway. The big was rescued! And sent back to auction.
Everybody loves talking about millennials and the market. It looks like they’re putting down their avocado toast, skipping marriage, and buying homes to give their dogs more space. This actually seems practical to me. (Not the toast part. I’m not putting that down.) Then again, I’m a millennial.
The news is so busy elsewhere that it’s a little light on the real estate front. The ground got a bit shaky in parts of the state, due to fault activity that took place in Kitsap. Some people report having felt it in Bellevue. These were minor shakes that, experts say, don’t put us at risk for any of the big quakes everybody is waiting on.
Also, a rich Austrailian expressed opinions about millenials and avocados. Specifically, he cited avocado toast as the sort of thing millenials should give up in order to buy houses. I’m going to go ahead and say, as an industry professional, that avocados, toast, and the combination thereof have nothing to do with house purchase decisions made by the millenial portion of the public. In case you were worried about the great avocado threat to the housing market, go ahead and sleep easy. Everybody in the industry knows kombucha is the real threat.
There will not be a Wednesday links post next week, by the way. You’ll get two week’s worth on the 31st to make up for it.