In a story eerily similar to SmartMoney’s “best shape for a rebound” article Forbes once again places Seattle #1 on their own list of Real Estate Markets Most Likely To Rebound. The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars,…
Category: News
News, current events, etc.
Zillow: Some Homeowners Still Fooling Themselves
Zillow’s latest Homeowner Confidence Survey is at least worth a brief mention. According to the third quarter update, only 65% of homeowners in the West believe that their home declined in value over the last year, while in reality 85% of homes experienced falling prices. Read Zillow’s own blog post about the report here. Also…
Seattle Bubble on Canadian Real Estate TV
Seattle Bubble and I were recently featured on the Canadian network Real Investments Television. I am unable to embed the video, but you can view the segment here. Note that I do not personally consider myself to be a “real estate guru,” as the TV folks seem to have become fond of calling me (though…
Weekend News Roundup
Wow, lots of stories in the local papers this weekend about the slow housing market. Too many to post separately, so here’s a roundup of the weekend news. Let me know if I missed anything. Everett Herald: Snohomish County builders slash home prices Mike Pattison just took his own advice and bought a new home…
SmartMoney: Seattle in Best Shape for a “Rebound”
Although the local media can be a pretty good source of amusing overly optimistic predictions, they certainly don’t have the monopoly. Check out this entertaining article from SmartMoney magazine: Home Prices: Now for the Good News We dug into [the PMI risk index] as well as other forecasts and analysis to determine which markets are…