Speculators Make Up ~23% of Sales

I just came across an article from back in May that I found interesting enough to post here. It covers the topic of the recent epidemic of people buying real estate as an investment: The National Association of Realtors in Washington, D.C., released survey results in March indicating that 23 percent of all residential real-estate […]

Can Seattle’s Working Class Afford Housing?

Today’s Seattle P-I spotlights a class of people in Seattle that could easily (and I would argue will) grow in numbers if current housing cost trends continue. That would be the working homeless. People that actually put out an honest day’s work each day, only to find they don’t have enough money to afford rent. […]

Think niche deals can be found? Think again.

Let’s go over what we’ve learned about the Seattle real estate market. Single family homes: cost increasing, supply decreasing. Condos: cost increasing, supply decreasing. Geographic range of Seattle’s bubble: north to Mount Vernon, south to Olympia. Today we learn that the bubble’s effects stretch even to the obscure niche markets, such as houseboats. “At one […]

Even Mount Vernon is Overheated

Even all the way up in the rural tulip town of Mount Vernon they’re feeling the effects of the housing boom, with home prices and population exploding. To hear those in the know talk, Mount Vernon is the “go-to” place in Skagit Valley for homes over the next 15 years. In that time the county […]

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25% Fewer Listings Than July 2004

Though the real estate market here is a lot hotter than the weather, there is one problem for anyone wanting a piece of the action: Lack of available homes for sale. Of course, that’s also part of the cause for the still-skyrocketing prices. Supply and demand, you know. In King County last month, the number […]

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Buyers Being Priced Out of Homes, Into Condos

As the cost of real estate continues to soar in the Seattle area, far outpacing wage growth, many buyers are being priced out of single-family homes. This is causing a bit of a surge in the condo market: While single-family home sales in King County were flat last month, condominium sales soared by nearly 6 […]