I suppose a more accurate title would have been “What The Bank’s Money Loaned To You At An Adjustable Rate Buys Around Here.” That would have been a bit unwieldy though. So just how much can the overextended family buy in Seattle’s bubble-rific market? That’s the question King 5 News takes on in part one…
Category: News
News, current events, etc.
Bubble Collapse Imminent: Seattle Still Immune
National economists are waking up to the reality of a housing bubble, stating in a report that a downturn in the housing market could mean a million lost jobs. But what about here in Seattle? The Seattle P-I adds their own reporting to the AP report: Much of the nation has had a lovely real…
Poll: A Bubble In Seattle?
A reader suggested and created the following polls: Do you think the greater Seattle area is in a bubble? How will prices change in 2006 for the greater Seattle area? I’d be interested to know what people are thinking. Seattle Bubble Tip Jar
Another Take On October
It seems that the nature of October’s numbers depends on who you ask. The Puget Sound Business Journal sees a slight weakening in the bubble’s armor: With the first three quarters of the year resulting in some of the hottest residential real estate trends ever, the housing market in Western Washington saw a slight shift…
Juggernaut Plows Onward In Thurston County
October sales data is in for Thurston County, and prices just continue to soar, posting a 34 percent year-on-year gain: The October median price of just under $250,000 is the latest in a series of consecutive monthly record highs. The $249,900 figure was 34 percent higher than last year’s $186,000, and was almost $14,000 more…