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’ […]

Kiss Single-Family Homes Goodbye if Seattle Keeps Growing

We usually talk about the whole Seattle metro area on these pages, but I’d like to take a little while to discuss an issue that is most relevant to Seattle proper: Density. There’s no denying that Seattle has been booming lately, thanks largely to serious growth in the local tech economy—unbridled growth at Amazon, the […]

Migration into Washington on the Mend

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 […]

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 […]

Seattle Population, Kids, & Ownership vs. Top 100 Cities

Some of us were talking a few weeks ago about how important schools are to buyers in the Seattle area relative to other cities and what percentage of families here have children. I decided to pull that data as well as some additional population and home ownership data on each of the 100 largest cities […]

Hagar: Never Mind the Bogus Data, Recovery is Here!

In yesterday’s post I took local real estate agent, appraiser, and real estate educator Richard Hagar to task for some misleading statements he made during a live appearance on KUOW last week. Specifically, I called out his claim that Washington State is currently experiencing net migration of 125,000 people per year. Mr. Hagar dropped by […]

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 […]