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’ […]

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 […]

Here’s why selection stinks right now around Seattle.

Full disclosure: The Tim is employed by Redfin. I just posted a lengthy write-up on the bizarre current state of the “national” real estate market over on Redfin, and thought you all might be interested in some of the more Seattle-specific data I pulled when doing research for the post. First up, a look at […]

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 […]

On the Horizon: A New Bubble or a Long Flat Bottom?

CNN Money asks: Is a housing shortage coming? (Short answer: No.) As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way. The nation is simply not building enough homes to keep up with potential demand. Just […]

Crosscut: Seattle Population is Nowhere Near Current Capacity

Interesting article over on Crosscut today: Why Seattle won’t grow as fast as planners say If Seattle’s current estimated population is 602,000 and we add the hypothetical 180,000 and you get 782,000 people by 2040 — considerably short of the 1.2 million that some claim are on the way. … The assumption is that right […]