Wow, Elizabeth Rhodes is on a real anti-bubble roll this weekend. Did one of you submit this letter to her “Home Forum” Q & A? Q: I keep reading that home prices aren’t expected to decline in the Seattle area. Aren’t you overlooking the possible effect of “suicide loans” — those adjustable-rate mortgages that are…
Seattle Light On ‘Flipping’
An oft-cited argument by those who believe prices in Seattle are totally justified is that the number of “investors” here is not at the level of other, more obviously bubbly cities. However, no one ever seems to be able to provide any actual statistics to back up this assertion. While it does not actually answer…
A Glimmer Of Hope?
Do you think demand for commercial space will result in a continued rise in property values in King County? Evidently, Susan Ryan at the P-I Real Estate Blog thinks so… An article in today’s PI on the institutional investor interest in Seattle, highlights one of the reasons the local residential real estate remains strong. Low…
More Homes Than They Could Afford
Seattle was mentioned today in this piece from CNNMoney. NEW YORK (CNNMoney.com) — Home price increases have slowed nationwide and even reversed in many markets. Inventories are up and new home builders are cutting back. More and more sellers are having difficulty selling their properties.…For some sellers selling their old home quickly is critical: They’ve…
Failure to Launch
Thanks to msrelo for pointing out today’s article in the PI. “…living with mom and dad, or mom and dad-in-law, is just practical. The Gwinns are using would-be rent money to pay off debts and save up to buy into Seattle’s out-of-reach housing market. And they are not alone. While moving home with a spouse…