With all the press that Shiller’s Home Price Index got last week, I suppose it was inevitable that our region’s #1 real estate cheerleader would feel compelled to mount a stirring defense of Seattle’s real estate downturn immunity. Amusingly, Elizabeth Rhodes’ apparent comeback to Mr. Shiller’s frightening graph of home prices since 1890 is to…
"We’re no different in Seattle."
If I didn’t know better, I’d think that someone at the P-I was reading Seattle Bubble. That’s the feeling I get after reading this opinion column by Mark Trahant, titled Age-old, old-age question: Are we unique? (Links added to back up his numbers.) You’ve probably heard something like this before: “Every child is unique and…
Seattle’s Housing Barometer: Bubble
To find this story, I went from a post on the P-I RE Professionals blog, to an Inman blog post, to a Google News search, where I finally located a substantial story. I’ll admit that I’ve never heard of John Burns Real Estate Consulting, and considering the relative lack of coverage of their most recent…
Condos: Mini -> Micro -> Nano
Downtown Seattle: decent jobs, passable entertainment, increasingly unaffordable housing. So what’s the solution? According to today’s P-I, the time has come for the incredible shrinking condo. Park two of GMC’s biggest Sierra pickups next to each other. That’s a lot of truck, but a small condominium — at least by Seattle standards. But a local…
CNBC : Online housing searches indicate bounce
CNBC’s Jane Wells is reporting that Internet data miners indicate the online search queries for “homes for sale” is up 42%, suggesting that the housing market is poised to pick up. The reader who e-mailed me this article suggests maybe that the opposite is true. People are searching to see what homes are listed for…