Huge 2017 Apartment Boom Should Soften Housing Market

Get access to the full spreadsheets used to make the charts in this and other posts by becoming a member of Seattle Bubble. Good news for renters (and maybe hopeful home buyers, as well): 2017 should see the beginning of relief for the Seattle area’s crazy rental housing market. The infamous $750-a-month 130-square-foot ‘prison cell’ […]

Local Housing Oversupply Finally Shrinks Slightly in 2012

It’s been two years since we last took a look at the local housing oversupply. This week the Washington State Office of Financial Management released their 2012 population and housing supply estimates, so let’s update those charts. Here’s an updated chart of housing supply (total housing units) and demand (total households) for the 3-county Puget […]

Housing Oversupply Increased Yet Again 2009-2010

It’s been exactly a year since we last took a look at the local housing oversupply, and since the Washington State Office of Financial Management released their 2010 population and housing supply estimates a few weeks ago, I think it’s high time we took another look. Here’s an updated chart of housing supply (total housing […]

Seattle-Area Housing Oversupply Still Increasing

One set of data we like to check in on occasionally is the big picture of local housing supply and demand, measured by comparing the total number of housing units to the total number of households. You may recall the last time we checked in on this data back in March: Local Housing Oversupply Could […]

Local Housing Oversupply Could Disappear by July 2010…

Good news everyone! The latest population estimates for King County have been released by the Census Bureau, and at the present rate of population growth, we’ll be able to use up all of our excess housing inventory by July of next year… …if all residential construction across the county completely ceased after July 2008, that […]

Housing Shortage or Overbuilt—A New Look at Supply and Demand

There has been some talk lately about the overall housing stock in the Seattle area, and whether construction has been able to keep up with population growth, or if there is a housing shortage that will lead to another housing boom in a few years. So I thought now would be a good time to […]

Big Picture: Supply vs. Demand

Why have residential real estate prices experienced an unusually rapid increase in last few years? That’s the big question that we all want the answer to, right? There’s one argument that goes something like this: There just aren’t enough homes for everyone. People are moving to the Puget Sound at a rapid pace, and homebuilding […]