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Month: September 2007

Case-Shiller: Seattle Stagnant in July

Posted on September 25, 2007September 25, 2007 by The Tim

The prediction (emphasis added): When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. … I believe…

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Zoning to Blame… Yeah, That’s the Ticket.

Posted on September 24, 2007 by The Tim

What’s to blame for the Seattle area’s out of control housing prices? If you read the local papers, you’ll hear all kinds of reasons. Booming local economy, running out of land, super-extra desirable climate, Microsoft/Boeing, you name it, they’ve claimed it (almost). The latest scapegoat: local zoning. “Local zoning is the No. 1 enemy of…

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King County NOT Running Out of Land

Posted on September 21, 2007September 21, 2007 by The Tim

For those that continue to insist that home prices around Seattle are high because “supply isn’t keeping up with demand,” I would like to point out the 2007 King County Buildable Lands Report. This is what the report has to say about building activity in King County from 2001 through 2005: King County gained more…

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Subtle Headline / Photo Combo

Posted on September 21, 2007September 21, 2007 by The Tim

From above the fold on today’s Seattle Times front page: Click to view pdf How soon do you suppose we can expect an article explicitly making the claim that is subtly implied by this headline / photo combo? Let’s play “predict the headline.” Here’s my guess: Soaring Loonie Strengthens Seattle Real Estate. Of course, the…

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Cohen Enters Blogging Fray

Posted on September 20, 2007September 20, 2007 by The Tim

FYI, Seattle P-I real estate reporter Aubrey Cohen has entered the blogging fray. Check out his new P-I-sponsored blog: Seattle Real Estate News. Such a creative name. (I kid, I kid.) Seriously though, I applaud Aubrey for engaging the readers in the more open, discussion-oriented format that blogging provides. Hopefully he will get some good…

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