The Seattle Times last month followed up on the Forbes report ranking Seattle as the most overpriced city with a report on the many conflicting opinions about the Seattle real estate market. Veteran Seattle real-estate agent Don Henry is certain the rapid run-up in home prices has put Seattle into bubble territory. “There are just…
Year: 2005
Forbes: Seattle Most Overpriced City
Most people reading this blog have probably already seen this month-old report from Forbes that ranks Seattle as the #1 most overpriced city in the country, but I thought it would be pertinent to post here anyway, especially considering the more recent report that places Seattle “way down” at #86 most over valued. To determine…
Zealous Optimism = Growing Equity Borrowing
At least someone in the Seattle media is paying attention to the dangerous situation that a lot of people are getting into so they can afford a home around here: The housing market around here has been so hot for so long that some homeowners assume prices will always go up. But the experts warn:…
"Seattle…likely not facing a housing bubble."
There’s nothing quite like optimism: Despite soaring home prices here, the greater Seattle area is likely not facing a housing bubble, a new study indicates. The study they’re referring to was reported earlier in the week. Though Seattle did not reach the arbitrary “30% overvalued” threshold for being “vulnerable to price correction,” it still ranked…
People do Stupid Things in a Bubble
The headline pretty much says it all. When Moe Batra saw the auction listing for a parcel of land near the Skagit River, he thought it would be the perfect place to build his retirement home. So Batra, 58, joined about 2,000 other people at a land auction in Lynnwood last month put on by…