Sometimes you read something and it just makes you say “huh?!?” An article in Forbes last week titled Most Resilient U.S. Real Estate Markets gave me just such a moment. In it, Forbes writer Matt Woolsey attempts to predict the future, making some absolutely bizarre claims along the way: When it comes to real estate,…
Category: News
News, current events, etc.
Misdirection Master Strikes Again
In what is becoming a bit of a regular occurrence, Seattle’s #1 real estate cheerleader yet again wields her powers of misdirection in response to a probing reader question. Q: There is an entire group of people today who’ve never gone through a major recession. How will home prices be affected if we do have…
On Luxury Cars and World Class Cities
My car is so great. It has a built-in CD player, a driver’s seat with four independent adjustments, a tasteful spoiler, a spacious trunk, climate control, a powered sunroof, and gets over 30 miles to the gallon. It’s comfortable, good-looking, and fun to drive. My car is comparable to a BMW or a Lexus, and…
Seattle Bubble Concedes Defeat
Well everyone, it’s been a fun couple of years, but the time has finally come for Seattle Bubble to throw in the towel. Paul Campbell, Some rights reserved. We’ve analyzed the local market from every conceivable direction, explained all the logical reasons why today’s Seattle home prices are not sustainable, watched the national housing market…
Office space in Snohomish Co. 17-18% vacant, Industrial good.
Speaking of small business creating jobs: Snohomish Co. office space is currently showing vacancy at about 18%. In Lynnwood, the office vacancy rate is approximately 25-30%. Industrial space (read: Boeing & suppliers) appears firm. Office space, meanwhile, remains harder to fill. Cushman & Wakefield and Colliers International commercial property firms reported that 17 to 18…