There are many arguments to be had between the Seattle Bubble housing bulls and bears, but one belief that seems to be commonly shared is that one of the primary drivers of demand and pricing in our market is a steady stream of rich Californians moving up and driving prices up. The bulls argue that…
Year: 2007
Peter Schiff Gets the Last Word (and the Last Laugh)
Here’s a great video from YouTube that juxtaposes last year’s predictions about the housing market with this year’s news. It’s not Seattle-specific, but I thought it would be fun for a Friday. I’ll be back with the June reporting roundup (a.k.a., the NWMLS press release echo chamber) either later today or sometime tomorrow. Hat tip:…
Like a Broken Record: Listings Way Up, Sales Slightly Down
The ever-progressive NWMLS has finished compiling June statistics. The recap sheet does not appear to be available just yet, but thanks to my source “on the inside,” I have obtained the pertinent information. I will update this post when the publicly-available recap sheet is posted. [Edit: Here it is.] Here’s your King County SFH summary:…
Reader Question: Rent Just Went Up
The following question was posted by “Newbie” in yesterday’s thread: I have been reading here for the past couple of months, my purpose being to understand if it is worth buying a house/townhome in seattle. Now, landlord just increased my rent by 15%. This is pushing me towards seriously considering buying. What do you suggest?…
Washington Realtors Spend Big in Olympia
Guess what group is the #3 lobbiest in Olympia so far this year (by dollars spent)? If you guessed “the real estate industry” (primarily the Washington Association of Realtors), you are correct. Since January, they have spent 1.85 million dollars to convince your legislature to do… well, I’m not sure what they want them to…