Wasn’t it just a year ago that we were still being regaled with stories about how tight the housing supply was in the Seattle area, and how our population has been growing so fast that construction just couldn’t keep up, so of course high home prices and increasing rents are going to continue forever and [...]
Here’s an interesting piece that ran in the Seattle Times today: To rent or to buy? The story of two couples
The decision to sell their house and go back to renting has meant more time and even more money for Jill and Dan Keto and their family.
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“The point is, putting money into a house is [...]
Here are a few local real estate stories to kick off this snowy Christmas week.
Aubrey Cohen, Seattle P-I: It’s refi — not buy — in Seattle’s housing market
Unusually low interest rates have spurred a run of mortgage refinancings in the Seattle area, but not necessarily more home purchases.
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Andrew Gledhill, an associate economist at Moody’s Economy.com, [...]
I was out of town all weekend in SF (driving back yesterday was not particularly fun, I assure you). Here’s a roundup of some of the local and notable national real estate stories that were waiting for me in my inbox upon my return this afternoon:
First up, a blog post by P-I real estate [...]
Let’s take an updated look at some Seattle-area rent vs. buy comparisons to see if the situation has improved at all since we analyized it last summer. Back then, the real-world example I used compared two similar homes in Kirkland. Total monthly costs for the rental were $1,515, while the home for sale [...]
A few more articles from this week about how dramatically the local real estate market has slowed.
Puget Sound Business Journal: Construction defaults rise in Seattle area
The latest data on local new-home sales and construction-loan delinquencies illustrate the market forces underlying the growth in mechanics’ lien filings.
Delinquencies of single-family construction loans in the Seattle/Bellevue/Everett marketplace have [...]
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