Looks like at least some people are finally cluing in to the fact that jumping on the home ownership bandwagon might not be the best financial proposal out there and they’re better off renting. After several years of flat rents and high vacancies, the local apartment market is tightening, thanks to folks like Seattleite Matt…
Taller Downtown = "Affordable" Downtown
In case you missed it last week, the downtown building height / "affordable housing" saga finally came to somewhat of a conclusion. The repeal of the CAP initiative Monday was unanimous and underwhelming—an anticlimactic finish for a once-sacrosanct law that limited downtown building heights for almost 20 years. So uncontroversial was the new law, proposed…
Seattle A "FairValue"
A commenter pointed out this article on CNN Money a few days ago regarding overpriced coastal housing markets: Some of the most overheated U.S. housing markets did become a little less overvalued during the fourth quarter of 2005 — but homes there didn’t actually fall in price.Other factors, such as rising income, combined to increase…
Newsflash: Rapid Appreciation Not All Good
Peter Callaghan must have missed the memo. A local reporter actually covering the dark side of increasing home prices . Holy cow, I think I might faint. Homeowners seem to enjoy the breathless stories about superheated real estate markets. Pierce County, for example, saw an 18 percent increase in the median price in the last…
Super Smart Seattle
So maybe Seattle isn’t attracting CEOs and high-level professionals, but let not your heart be troubled. Seattle’s skyrocketing house prices will be carried along by college graduates! College graduates are flocking to America’s big cities, chasing jobs and culture and driving up home prices. Seattle, a new analysis shows, is on the top of the…