Real Estate Headlines 02.12.2013

The Seattle area continued to have incredibly few homes for sale in January, according to a new report.

Thanks to fewer homes hitting the market and more selling, Seattle itself had 1.9 months worth of homes on the market in January, at the current sales pace, while King County had 2.2 months worth of homes, according to the Northwest Multiple Listing Service. That’s down from 4.2 months and 5.2 months, respectively, a year earlier.

“I personally have never seen the ratio between active buyers and available inventory in Seattle’s close-in neighborhoods so out of balance,” Mike Skahen, owner of Seattle’s Lake & Co. Real Estate, said in a news release. “Even homes that were hard to sell for various reasons are being snapped up.”

Low home inventory driving up prices ~ Seattle PI

King County home prices dip to March lows ~ Seattle Times

Housing Market Already Shows Signs of a New Bubble ~ CNBC

Zillow Debuts Digs, A Pinterest-Like Photo Sharing ~ TechCrunch

Why Bankers Don’t Go to Jail: Taibbi Visits with Bill Moyers (video below)~ Rolling Stone