Let’s take a look at our friend Elizabeth Rhodes’ more lengthy article in today’s Seattle Times, where she paints a picture of a Seattle area real estate market that is still super-hot and doesn’t know the meaning of slowdown. I usually try to limit article quotes to just a few paragraphs but this one has…
Category: Local
Local News
$500,000 Condos In Puyallup
Some parts of the market in the greater Seattle area may be slowing down, but nobody told the condo developers in Puyallup: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell…
Bainbridge Realtor Predicts "Even Sharper Rise"
As if to offset the words of a local economist in a separate story by the same reporter, here come the predictions of a realtor on what 2006 holds for Bainbridge Island real estate: While the national housing market is showing signs of slowing down after a fast-paced year, the Bainbridge market is still picking…
Economy-watcher: "Yes and No" Seattle Bubble
Here’s yet another blue-sky prediction for 2006 that takes the “our prices haven’t risen as fast/much as other areas, so therefore we’re not in a bubble” angle: Economy-watcher Michael Parks suggests that people worried about a housing bubble in the Puget Sound region get a little perspective. Sure, house prices have climbed a healthy 14.5…
Press Optimism Beginning To Fade?
With the lull that has set in on housing this winter in the Seattle area, the news reports about the dead time are almost more interesting than the housing news itself. For example, take the four stories in today’s papers about December’s housing numbers. Here are the headlines: Housing prices keep rising as sales slow…