As the mortgage industry begins to crumble and home prices are declining across the nation, the local media and blogging real estate insiders seem to be getting a bit anxious. Maybe it’s just me, but take a look at some of the recent headlines: Home values here still rising (Elizabeth Rhodes, Seattle Times) Seattle-area homes…
Category: News
News, current events, etc.
Median Price Not Telling the Whole Truth
When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. While the local press has their own…
Bubble Link Roundup Extravaganza
The stories have been piling up in my inbox at a faster rate than I’ve been able to post them lately, so that means that it is time for another bubble link roundup. I’ve got a lot of ground to cover in this post, and I don’t want to totally clutter up the front page,…
Flipping in Seattle for Fun and Profit
Are prices in Seattle based on strong fundamentals or speculation? While we can certainly look at the data and draw conclusions for ourselves, there is little to no hard information out there about how many people are buying merely to turn a quick buck. There are those that treat the lack of hard data regarding…
Rent Increases Likely to Taper Off Soon
It’s getting more and more difficult for the local press to pretend like everything is roses, bubbles, and white puffy clouds in the local housing market. So, what’s the next best thing to pumping housing? Spreading fear about renting! Renters have been saying loudly that rents are rising steeply and vacancies are few. Now comes…