Forbes: Seattle Most Overpriced City

Most people reading this blog have probably already seen this month-old report from Forbes that ranks Seattle as the #1 most overpriced city in the country, but I thought it would be pertinent to post here anyway, especially considering the more recent report that places Seattle “way down” at #86 most over valued. To determine […]

Zealous Optimism = Growing Equity Borrowing

At least someone in the Seattle media is paying attention to the dangerous situation that a lot of people are getting into so they can afford a home around here: The housing market around here has been so hot for so long that some homeowners assume prices will always go up. But the experts warn: […]

"Seattle…likely not facing a housing bubble."

There’s nothing quite like optimism: Despite soaring home prices here, the greater Seattle area is likely not facing a housing bubble, a new study indicates. The study they’re referring to was reported earlier in the week. Though Seattle did not reach the arbitrary “30% overvalued” threshold for being “vulnerable to price correction,” it still ranked […]

People do Stupid Things in a Bubble

The headline pretty much says it all. When Moe Batra saw the auction listing for a parcel of land near the Skagit River, he thought it would be the perfect place to build his retirement home. So Batra, 58, joined about 2,000 other people at a land auction in Lynnwood last month put on by […]

High Seattle Prices Drive Rural Growth

How are people dealing with skyrocketing home prices in Seattle? Some just stay put, some use dangerous interest-only and adjustable-rate loans to afford a house, while others push further and further to the outskirts of the metro area. That last option is causing stress in some small towns as they experience record growth. A huge […]

Local Radio Looks at the Bubble

AM Radio station 710 KIRO is in the middle of a 5-part series titled CloseUp: Housing Bubble. Here are some notable highlights from the first two parts: Brooks: When the bottom fell out in 1990 home prices in Seattle stayed flat, and in some places dropped, but eventually rebounded. He believes Seattle has some things […]