Now seems like as good a time as any to have another look at the “Cycle of Market Emotions”: The Cycle of Market Emotions By my reckoning, in late 2007 we were somewhere between anxiety and denial, and by mid-2010 we were treading water between fear and desperation. Today I suspect we’ve made it to…
Category: National
National News
Are Seattle-Area Rents Poised to Shoot Up Again?
This article on CNNMoney caught my attention yesterday: Renew your lease – rents could rise 10% Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years. “The demand for rental housing has already started…
New York Times: Seattle Sellers Simply Surrendering
It’s not often we get a major national news piece focused solely on Seattle’s real estate market, but yesterday we got just that from the New York Times: Housing Crash Is Hitting Cities Thought to Be Stable SEATTLE — Few believed the housing market here would ever collapse. Now they wonder if it will ever…
CNN Money Still Throwing Around Random Predictions
Here are a few real estate headlines over the last few years from CNN Money: May 2006: Next hot market…think Washington (woo! everybody party!) June 2007: Where the housing boom goes on (Seattle, of course) May 2008: Bulletproof housing markets get hit (oops, we were wrong) May 2009: When it makes sense to rent (hope…
There’s a Reason They’re Called “Moody”
A few readers were questioning why I didn’t write up a full post last month on Moody’s forecast that U.S. home prices will rise 7.2% between today and 2014, with prices in Seattle rising 26% and Bremerton shooting up a whopping 45%. Here’s a brief excerpt from the August 3rd Bloomberg article about the forecast:…