local real estate news, statistics, and commentary without the sales spin.
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’…
Okay let’s revisit the discussion on local incomes once more. First up, I’d like to highlight the top comment from Monday’s discussion, posted by “gr8day”: I make less today than I did 6 years ago. So does my barber, my brother, my next door neighbor, best friend, pastor at church, and most of the people…
A few of you took issue with the assertion I made in Thursday’s post: Eventually [mortgage interest rates] will go up, but it will probably be a gradual climb, and by the time they get to 6%, incomes will also be higher. Here are a few examples of your criticisms. From Pegasus: Putting your faith…
The Office of Financial Management recently emailed me their latest annual migration data, which shows the first increase in new residents moving into the state since 2006: After a paltry 6,055 people moved to Washington between April 2010 and April 2011, the pace has picked up this year, reversing a five-year trend and mostly catching…
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…