Why have residential real estate prices experienced an unusually rapid increase in last few years? That’s the big question that we all want the answer to, right? There’s one argument that goes something like this: There just aren’t enough homes for everyone. People are moving to the Puget Sound at a rapid pace, and homebuilding…
Kids + Condos = No Way
Here’s a tidbit from a Seattle P-I story last week about the lack of families with children downtown. The article doesn’t really have much to do with home prices or bubbles, but we have talked at length about downtown condos in the past, so it is at least worth mentioning. Sure, there’s a way to…
Anecdote Extravaganza
It’s been a while since the last anecdote post, so I thought now would be a good time for an update. First up, let’s go way back to early June. Remember the million-dollar new construction in Redmond? It was originally listed in mid-May for $1,625,000, and the last time we checked in it had taken…
Seattle Bubble Announcements
Good Monday everyone. I’d like to take a moment to announce a few new things going on here at Seattle Bubble. First off, you may have noticed that the “About This Blog” section on the right has been transmogrified into “Read These Posts.” I realized that there were some posts that I was consistently referring…
A California Comparison, Part 2
Yesterday I compared King County to San Diego County in order to address some of the reasons we commonly hear that the Seattle housing market will remain strong. The focus of this post is slightly different than Part 1, where I used San Diego as an example to show that certain positive local attributes will…