It’s time for another link roundup: a list of links that are worth posting, but not each as their own post. Some of these are Seattle-specific, some aren’t. Keith at Housing Panic provides a concise history of the housing bubble. Calculated Risk expects a recession in ’07 and explains what would change his mind. The…
Pop Quiz Time: Fundamentals or Speculation?
Here’s a pop quiz for you. Take a look at the following two tables and try to determine which one more closely resembles a market based on fundamentals, and which one represents a market based on speculation. Median Household Income vs. Average Rent: 2000-2005 Year Med. Income % Chg Avg. Rent % Chg 2000 $53,200…
Fleckenstein: Seattle "Just a Little Less Dark"
Wow, Aubrey Cohen over at the P-I is really slipping lately. First he prints the prediction that Seattle will see “slight year-over-year price declines this spring or summer,” and now he has penned an entire article about Bill Fleckenstein’s “not-so-rosy” outlook for local real estate. Like many economists and real estate professionals, hedge fund manager…
Notes From the Trenches
Last Wednesday there was some great conversation about what people are experiencing as they are out there right now trying to find a home. I think it’s worth re-posting these comments on the front page, since they give a good feel for what the housing market is really like right now that you can’t get…
Seattle’s PMI Risk Index Continues Climb
The latest PMI report (pdf) is out, and much to no one’s surprise, Seattle’s risk index has increased yet again. Click to enlarge Jumping 14 points from the fall to a total of 167, Seattle now boasts a PMI that is 2.6 times its Summer 2005 low of 64. Although Seattle’s Risk Index is still…