Bloomberg interviewed Redfin CEO Glenn Kelman at the GeekWire Summit today. Glenn had some interesting comments…
Posts in the Local category:
Summer 2018 slowdown link roundup
There have been a lot of stories in recent weeks about the housing market slowing down, not just in Seattle, but across the country. I thought I would post a quick roundup of some of the stories I’m seeing…
News Brief: Seattle City Council attempts to outlaw economics
From the Seattle Times: Seattle City Council votes to impose moratorium on rent-bidding websites
The Seattle City Council voted Monday to impose a one-year moratorium on rent-bidding platforms…
Matthew Gardner: “It’s not a housing bubble”
I’m still not really sure whether or not we’re in the midst of another housing bubble in the Seattle area, but here’s a strong sign that we might be: Local real estate cheerleader and permabull Matthew Gardner is loudly proclaiming that “No, it’s not a housing bubble.” No, we’re not in a housing bubble. Now […]
Okay, okay, let’s talk about Amazon HQ2
Everybody is talking about it, and it’s definitely going to have some kind of effect on the local economy in Seattle, so even though it’s a bit late, let’s talk about Amazon’s HQ2.
Unless you’ve been living under a rock, you’ve no doubt seen the news that Amazon is seeking to build a second headquarters somewhere “in North America” that “will be a full equal to our current campus in Seattle.” GeekWire has been covering the story extensively (including a data-based city analysis by yours truly), so if you need to catch up on the facts, head over there. For the discussion here, let’s focus on the possible impact this development will have on the Seattle-area real estate market.
NWMLS Falsely Inflates Seattle’s Population Growth
It’s time once again for a reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).
For a month that saw home prices shoot up to insane new all-time highs, the quotes from home salesmen in this month’s release are surprisingly calm.
I do want to address one glaring error in the release, though:
Seattle’s growing population is another likely factor. Recent U.S. Census Bureau data shows Seattle is gaining about 1,100 residents per week, an “astounding” figure, said MLS director Diedre Haines.
That number is false. The most recent data available shows a growth rate of less than half that level…