Seattle Bubble

I noticed on my drive home from work one day last week that the for sale signs had come down from in front of the million-dollar new construction on Avondale. Recall that just under a month ago, the price was dropped (again) to $1,275,000.
So did the house sell, or are they just taking it [...]

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The question was asked on my number-crunching post last week of why I do not include condos in most of the statistics that I post here. Since that is a valid question that other people may be wondering as well, I thought I would post the answer where it will gain more visibility.
I choose [...]

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With great thanks to Alan (aka PugetHouse), I have added a new weapon to Seattle Bubble’s statistical war chest: price breakdowns.* It is fairly common knowledge that although it is the most convenient indicator to discuss, the median sales price does not give a very complete picture of the changing housing market. Price [...]

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The excellent personal finance blog Get Rich Slowly (highly recommended—one of my daily reads) posted a link yesterday that reminded me of a topic that I’ve been meaning to post on. As I read the story, titled “Cars affordability: Cheapest since 1980” I couldn’t help but think about the stark contrast between the price [...]

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From Business Week:
“St. Louis Fed president William Poole said, according to Bloomberg News. ‘As long as the housing problem remains confined to housing, there’s really nothing the Federal Reserve can or should do.’”
Realistically, I don’t think this will be the case. From a business perspective, I’m watching cash flow more intensely than ever. [...]

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Found on Ziprealty.com: 633 NW 8th St, Ballard/Loyal Heights (98117)
A developer from California has purchased a 1978 six unit apartment complex and began converting to condos in June. They’ve been working on a unit by unit basis and appear to be close to finishing unit #201, listed 3 days ago.
There’s no image posted on ziprealty, [...]

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