Here’s a delightfully hyperbolic piece from June 2006, about a year before Seattle’s peak pricing (but eight months after sales began declining year-over-year). By this time most of the rest of the country had figured out the boom was over, but remember, Seattle was special! Blaine Weber, half of the big-time local architecture team of…
Tag: 2006
Friday Flashback: Should Have Listened to Mr. Sohn
From a NWMLS talking points memo that was circulated in June 2006: …the forecasts for housing price growth are calling for booming values in the state of Washington. For the June issue of MONEY Magazine, Fiserv Lending Solutions and Moody’s Economy.com provided forecasts for the coming 12 months for 380 metro areas – they predict…
Friday Flashback: “Give thanks that you bit the bullet”
I was just reminiscing with a friend about our old pal Elizabeth Rhodes, the Seattle Times’ former real estate reporter, when I came across this gem from July 2006, one year before Seattle homes hit their price peak, and the same month the Case-Shiller 20-city composite hit its peak: Local homes: Investments that just keep…
Friday Flashback: “Just get on the up escalator!”
I was browsing through some old posts when I came across this one from April 2006, in which I highlighted an email I received from a local real estate salesman: Regardless of what happens with the bubble the longer you wait to purchase a home the harder it will become. The only time I would…
Friday Flashback: Half-Million-Dollar Condos in Puyallup
Came across this one in the Seattle Bubble archives, from March 2006 in the Tacoma News Tribune: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell for around $500,000. “When we…