Low Rates Make WA Real Estate Appear Undervalued

I was going through some older posts recently, looking for some ideas of data sets to update, when I came across this November 2007 post written by Deejayoh: Washington Real Estate: 40% overvalued? Here’s a brief excerpt from his post: I ran across this very interesting analysis of the California real estate market by Goldman […]

Seattle Delightfully Immune to Housing Downturn

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 […]

Washington Real Estate: 40% overvalued?

I ran across this very interesting analysis of the California real estate market by Goldman Sachs this weekend (PDF alert!). It is the author’s contention that in the past, changes real estate prices could be explained by two factors: disposable income and interest rates. They then go on to demonstrate, as shown below – how […]

Center for Economic Policy Research paper: highlight’s fundamentals (largely ingnored) and the media’s role.

Hi Bubbleheads, doom ‘n gloomers and market enthusiasts …. Good Reading: Via Jessica Swesey at Inman News blog gives us a glimpse into the mechanics of the bubble. She cites a paper released last week by Dean Baker of the Center for Economic & Policy Research asks:(PDF document & very easy reading with excellent analysis) […]

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Prices In Seattle Still Hot, Hot, Hot!

Check out this delightful piece from today’s Wall Street Journal: Where home prices are hot now The housing news isn’t all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston, Austin, and Charlotte and Raleigh, N.C., are […]