Seattle Bubble

I got this in the mail earlier this week, and just had to share. Houses are still cheaper than latte’s, apparently…
Deejayoh

addendum:
I clicked through to the site that the postcard directs you to. The “bonuses” are pretty significant relative to the starting prices, it seems to me
Buyer Bonuses at Select Communities
For purchases on October 1, 2007 [...]

[Read more →]

The Sun Sentinal article:
“In an effort to halt what one official called ‘an investment world version of a run on the bank,’ state officials froze withdrawals Thursday from a $27 billion investment fund that local governments drained by almost half during the past two weeks.” (bold type by me for emphasis)
“‘It is certainly unprecedented, [...]

[Read more →]

Another day, another syndicated Associated Press article reprinted in the Seattle Times with an abundant dose of rah-rah local cheerleading awkwardly thrown in by Elizabeth Rhodes (additions in italic): U.S. home prices drop for quarter; not so here.
U.S. home prices marked a quarterly decline for the first time in 13 years in the third quarter, [...]

[Read more →]

These “top real estate market” lists by Matt Woolsey in Forbes are really starting to seem pointless and repetitive, but I suppose I should at least mention the latest one, since it will probably be proudly touted in local real estate marketing material for the next few months. The latest fill-in-the-blanks list from star [...]

[Read more →]

There was a great article over the weekend in the Seattle P-I that looked at the townhouse market, which has slowed down considerably more than the single-family or condo markets so far this year.
Jamie Goodwin knew it would be a tough time to sell her Central Area townhouse.
“I’m a real estate attorney, and I knew [...]

[Read more →]

The latest data from Case-Shiller has been released. Let’s have a look at how Seattle is performing:
Down a quarter of a percent August to September.
Up 4.69% YOY.
Back to back month-to-month declines have as we have now seen from July to September have not happened since 1995. The NWMLS King County SFH Median for [...]

[Read more →]