Over at the P-I’s Seattle Real Estate Professionals blog, Gregory Wharton (identified as an architect and developer) is in the middle of a very detailed series of posts tackling the subject of—you guessed it—a real estate bubble in Seattle. In the next series of posts on the subject, I’ll investigate Seattle housing prices and associated…
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Slowing Real Estate Slows State Economy
As predicted, the slowing real estate market is beginning to affect other aspects of the economy in our state. The monthly jobs report from the state Employment Security Department often is full of seemingly contradictory data, but May’s report was even murkier than usual.…Beneath the confusing headline numbers, there’s considerable evidence for a simple conclusion:…
Pierce Property Tax Valuations Up 22%
Proving that it is indeed possible to write a story about home price increases without resorting to overly enthusiastic quotes real estate cheerleaders and/or government beneficiaries, the Tacoma News Tribune reports on the 22% increased property tax valuations being mailed out to Pierce County residents this week: This week, the Pierce County Assessor-Treasurer’s Office will…
McMansions Cramp Kirkland’s Style
Sorry I’m a bit behind. I’ve had a busy weekend. This story was posted last Thursday, and while it might not directly relate to bubble issues, it’s still interesting to consider. Summary: McMansions in Kirkland may be getting out of hand . As Kirkland becomes a destination for new luxury homes — many taking maximum…
3 Years, 50% Appreciation
Here’s another story pointed out by a reader. If only I had millions to sink into an apartment complex three years ago, I could have $6 million more now! What difference can three years make in terms of rising real estate values? In the case of Country Glen Apartments in Kent, which recently changed owners…