Sorry I’m a bit behind. I’ve had a busy weekend. This story was posted last Thursday, and while it might not directly relate to bubble issues, it’s still interesting to consider. Summary: McMansions in Kirkland may be getting out of hand . As Kirkland becomes a destination for new luxury homes — many taking maximum…
Most Ridiculous Item Of The Week
Let’s have a little fun on a Friday. How about a thread dedicated to sharing the most ridiculous real estate related item you’ve seen this week. An anonymous commenter yesterday made a good contribution with MLS# 26089900 which urges the potential victim buyer to "Take advantage of the Ballard Craze now," by putting in "lots…
3 Years, 50% Appreciation
Here’s another story pointed out by a reader. If only I had millions to sink into an apartment complex three years ago, I could have $6 million more now! What difference can three years make in terms of rising real estate values? In the case of Country Glen Apartments in Kent, which recently changed owners…
Seattle "Buffered From Cooling Trends"
A number of readers pointed out USA Today’s “Close to home” profile of the Seattle residential real estate market. There’s not a lot of substance to it, and this quote is almost the entire text: Seattle’s strict growth- management policies and an economic rebound are buffering the region’s real estate market from cooling trends. The…
May Reporting Roundup
Let’s take a look at today’s reporting on the May NWMLS numbers. First up: Home prices keep climbing by Mike Benbow of the Everett Herald: Home prices soared again in May, but that didn’t stop significant numbers of buyers. Sales last month did drop by 1 percent in comparison with May 2005, but they still…