Seattle Bubble

Rising housing costs have been steadily leading to higher rents in the Seattle area: After enjoying years of discounts, Seattle-area renters should brace themselves for the thought of opening their wallets a little wider when they see their landlords in 2006. In a trade-off to a rebounding regional economy, apartment rents are expected to rise…

Remember the late 90’s? Remember all the money that was being thrown around at virtually anyone who could use a computer and form a complete sentence? Well the 90’s are over. Now you have to do more than form a complete sentence and use a computer to get millions of dollars in funding for your…

Here’s one just for laughs. Have a look at the real estate market from the top. Way up at the top—$40,000,000 on Mercer Island: It’s the ultimate trophy property: a five-bedroom, Mediterranean-style lakefront home on Mercer Island where your neighbors include Paul Allen and Mike Holmgren. Asking price: $40 million. Time on market: 15 months…

Sorry, I’ve been a bit behind lately. I’m changing jobs in two weeks, so I’ve been busy at work trying to finish my projects and such. Let’s start off my catch-up with an article from the Spokane Spokesman-Review that takes a look at state finances and low-income housing: State analysts estimate that more than half…

The Seattle P-I and the Eastside Business Monthly both take a look at the newly-released NWMLS report on 2005. The reports are full of the usual ra-ra real estate talk: “In the past, the market has absorbed home price increases with household income growth,” said J. Lennox Scott, chairman and chief executive of John L….