I have made it clear that I personally believe that real estate in the Seattle area is overvalued. However, I hope that I have also made it clear that the purpose of this blog isn’t to skew the facts or present “my side” of the story, but rather to provide a resource for those seeking…
Quickie Follow-Ups
Just a couple of short follow-ups on previous posts. For starters, recall previous discussions about Seattle’s affordability as it relates to the business climate, as well as the speculation about what would cause a high-tech exodus. Today we find at least one example of a high-tech company deciding that Seattle just isn’t worth it: GiftCertificates.com…
P-I Editorial Board Makes A Funny
There’s not much to this short editorial in today’s Seattle P-I that follows up on last Friday’s “Seattle not in a bubble” story. It’s nothing though if not good for a short laugh: A Post-Intelligencer headline a few days ago reinforces a common narrative: “Seattle may escape housing bubble.” The cost of a home may…
What Does A Million Buy?
The King County Journal takes a look in a pair of stories today at the arbitrary big round number $1,000,000 and how much house it buys in the Seattle area these days. County records show a little over 4,600 homes in King County with an assessed value of at least $1 million. That’s better than…
10-15% Price Increases In Seattle "Modest"
Here’s yet another story for you with the premise that Seattle is not in a bubble at all. This one comes courtesy of the Seattle P-I. Home prices in some parts of the country might be primed for a decline, putting a drag on the nation’s economy, but Seattle apparently could avoid the problem of…