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…
Tag: supply
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Seattle-Area Housing Oversupply Still Increasing
One set of data we like to check in on occasionally is the big picture of local housing supply and demand, measured by comparing the total number of housing units to the total number of households. You may recall the last time we checked in on this data back in March: Local Housing Oversupply Could…
Which is Larger: Pent-Up Demand or Pent-Up Supply?
Whenever local real estate professionals are quoted in the paper lately, it seems that one line we’ve been hearing repeated a lot is about the alleged loads of “pent-up demand” out there. The thinking goes that there are hundreds thousands upon thousands of potential buyers out there that are “waiting on the sidelines” or “sitting…
Local Housing Oversupply Could Disappear by July 2010…
Good news everyone! The latest population estimates for King County have been released by the Census Bureau, and at the present rate of population growth, we’ll be able to use up all of our excess housing inventory by July of next year… …if all residential construction across the county completely ceased after July 2008, that…