Here’s yet another article in the Times focusing in on condo conversions: In the first six months of this year, 1,162 Seattle apartments have become condos or are headed for conversion, a pace that would far exceed last year’s total of 1,551 conversions. The trend is happening outside Seattle, as well. Last year saw about…
RE: There Is No Bubble In Seattle
Last week, Gregory Wharton posted the grand culmination of his 15-part Seattle real estate bubble extravaganza. I wanted to wait until he posted the last chapter, but it’s been over a week, and I think the points he made in his most recent posts should be addressed sooner rather than later. I said in my…
Rents Predicted To Rise… Still
A number of readers pointed out an article in yesterday’s Seattle Times about “multifamily housing” (apartments) that’s full of the usual pep-talk and rah-rah-speak claiming that prices have nowhere to go but up, up, up, and isn’t that just wonderful! With apartment vacancy rates declining and job growth increasing, real-estate investors are snapping up properties…
A More User Friendly Seattle Bubble
As I have mentioned before, each and every comment that is posted to Seattle Bubble arrives in my inbox. This is both a blessing and a curse. A blessing because I can read every single comment as it comes in, and a curse because I can read every single comment as it comes in. As…
Balanced June Reporting Outside Seattle
Let’s not forget that you only have to look a little ways outside of the immediate Seattle area to find rational and balanced reporting on the realities of today’s real estate market. “We’re seeing a consistent trend here, a flattening of the market,” he said. “It (the strong housing market) hasn’t come to an end…