Seattle Bubble

The following is adapted from a recent forum post by user Hyperbola.
After a year of occasionally posting comments on this blog, it’s only fair to disclose that my wife and I just bought a house in Woodinville! My rationale about the overall market hasn’t changed — I still think we would have gotten a better [...]

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It’s been a while since I posted any anecdotal observations, so I think it’s time for a few.
First up, the 8-unit condo/townhome complex in my neighborhood, which we have visited a few times before. Here’s the summary of the action in this complex of eight essentially identical units since 2005:

September 2005: Unit #5 listed [...]

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When I posted last week’s 61-year home price history, I promised a follow-up on affordability. So, here it is.
Before I get to the chart, here’s a quick refresher on what the “affordability index” is, and what it isn’t. What it is is a simple measure that shows relationship between median home prices, median [...]

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Let’s say you’re a prudent person who has compared the financial realities of buying vs. renting and made the decision to rent for now. However, with the frequent news reports about increasing rents that seem intended to scare people out of deciding to rent, you’re a little concerned about finding a good deal.
Well fear [...]

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Just a quick note to remind you that Seattle Bubble advanced to round 2 of the little blog tournament they’ve got going on over at Metroblogging Seattle. They put us up against last year’s winner, but so far we’re actually slightly in the lead. Voting closes Sunday, so a little boost going into [...]

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Apparently the only necessarily qualification for becoming a “world class” or “superstar” city is to keep on repeating that it is so. That’s the message I’m getting from the latest quotes from the Realtor’s spokesman Lawrence Yun, anyway.
Seattle-area home prices are manageable for typical workers, according to the chief economist for the National Association [...]

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