Another Real Estate Bubble? Price to Rent Ratio Shoots Up

Another Real Estate Bubble? Price to Rent Ratio Shoots Up

With home prices approaching or even exceeding their 2007 peak levels in parts of the Seattle area, there has been renewed talk about whether we’re in another housing bubble or not. This week I’d like to go back to the same data I used in 2005 and 2006 to definitively recognize the bubble at a […]

Undervalued to Overvalued in Less Than a Year

Undervalued to Overvalued in Less Than a Year

Local home prices gone from undervalued to overvalued in just a year. In January 2013, Seattle-area home prices as measured by the Case-Shiller Home Price Index were four or five percent below where local per capita incomes would suggest they should have been and one percent below where rents suggested. By December 2013, massive gains […]

Rapid Rent Increases Not Keeping Pace with Home Prices

Rapid Rent Increases Not Keeping Pace with Home Prices

There have been a few stories in the Seattle Times recently about the rapid rise of local rents: August 24: Soaring rents force lifestyle changes September 23: Local apartment rents continue climbing So I thought it would be a good time to take a look at how rents are comparing to home prices, since they […]

Demand for Seattle Rentals Still Outstripping Supply

There’s a great in-depth article on local rent increases in today’s Seattle Times: Soaring rents force lifestyle changes For renters and homeowners, market forces are permanently altering the familiar face of many neighborhoods. While wealthy newcomers are helping to revitalize neighborhood business districts, the reality is that many renters, saddled by stagnant wages, are being […]

How To Find Cheap Rentals Around Seattle

A few weeks ago I spoke with Ross Reynolds on KUOW about finding cheap rentals in the Seattle area. You can listen to the 17-minute segment on their site. Here are a few of the tips I shared for finding a cheap rental in the Seattle area, and some relevant links to previous posts on […]

Follow-Up: Seattle Area Property Management Companies

The reader who wrote in a couple months ago with the question about finding the best property management firm in the Seattle area wrote back with detailed notes from their selection process and who they ended up going with in the end. The following is taken directly from their follow-up email. Here are my notes […]

Top 30 Cities: Price to Rent & Price to Income Ratios (2011)

By request, here’s an update to my table of housing stats for the top 30 largest cities in the country. Actually this time it’s the top 31, since Las Vegas got ousted from #30 by Oklahoma City the last time I did this list (in late 2010). Also of note: Detroit’s ongoing dramatic decline in […]