Let’s play a game. It’s called “Spot the Fundamentals,” and the way we play it is by looking at some of the “fundamentals” to figure out which ones are responsible for our area’s high home prices. The frequent condescending argument of the cadre of Seattle area housing bulls (real estate agents, “analysts,” the press, and…
Category: News
News, current events, etc.
Condomania in Everett!
Better be careful the next time you drive through Everett, you’re likely to get burned, the condo market there is so hot! On paper at least, downtown Everett is poised for explosive growth. Nearly 800 new downtown condos and apartments are in various stages of planning. There’s a good chance some of the projects scattered…
The Tim on AM 570 KVI 3:00 Today!
I just got off the phone with the producer of the Brian Suits show over at KVI (570AM). Brian will be discussing yesterday’s P-I article, and thanks to a heads-up from Eleua, I’ll be a guest for a part of the discussion. Tune in at 3:00. They have a web feed for those of you…
"Market fundamentals are extraordinarily strong."
By now most of you have probably already seen today’s article in the P-I: Homes overvalued by 31.7% in city, report finds. It’s pretty much the usual shtick. “Homes are expensive here, but…” followed by lots of quotes from various real estate “analysts” and “professionals” yammering on about how wonderful the “fundamentals” here are, what…
Seattle Immune to Financing Woes?
When the question is “how will the current home lending meltdown affect the housing market in Seattle,” the answer depends on who you ask. For instance, if you ask #1 Seattle real estate cheerleader Elizabeth Rhodes, the answer is something to the effect of: “Seattle is special. Don’t worry your pretty little head about it.”…