Why this is in the news again is beyond me, but apparently CNN/Money is really keen on some dude that uses a secret formula to determine which housing markets are overpriced. We talked about this same guy’s babblings just three short months ago, and very little has changed since then. After years of local home…
Category: Local
Local News
Wharton’s Conclusion: Soft Landing
In case you haven’t noticed, Gregory Wharton has posted the final chapter in his series on Seattle real estate prices. If you thought my response to his previous post was long, you’re in for a shock. Find a comfy chair and make sure you have a good-sized block of time to tackle his 3,500-word thesis…
The Ballard Conspiracy
Speaking of Ballard… cue the Twilight Zone music… it’s really quite eerie how every month the “angles” in local rags seem to be so in sync. Apparently this month all the clever reporters are focusing in on everyone’s favorite neighborhood: Ballard. Cynthia Creasey and Mack McCoy bought a four-bedroom house in Ballard in 1988 for…
"Your Home Is Now Your Portfolio"
It’s not often that I actually laugh out loud at a news headline, but congratulations to Elizabeth Rhodes, who actually achieved that with the gem “Local homes: Investments that just keep getting hotter.” Forget your home being your castle. Thanks to surging local home prices, your home is now your portfolio. How so? After giving…
Condo Demand To "Outstrip Supply"
With the talk of all the new condos that are allegedly on their way to downtown, we’ve been wondering where all the demand will come from to fill them. Here are three possible answers: Suddenly, a proliferation of new high-rise residential tower projects is on the books, in for permits, or under construction. In downtown…