Here’s a gem of an article from the Seattle Times, December 2006: Looking ahead: The sky isn’t falling for the Puget Sound market What will 2007 bring? Here’s what Seattle real-estate experts are saying. … So much for any bubble bursting this year. Gardner doesn’t see that happening next year, either. “This bubble lunacy is…
Tag: 2006
Friday Flashback: NAR’s Laughable Seattle “Analysis”
A reader emailed me recently to remind me of this amusing document published by the National Association of Realtors in 2006: Home Price Analysis for Seattle-Tacoma-Bellevue (pdf). Quoting: With home prices rising strongly in most parts of the country, there has been widespread media coverage on the possibility of a housing market bust. A thorough…
Friday Flashback: Homeowners Will Just Stay Put
Here’s a flashback to Summer of 2006, when I was engaged in a very wordy blog / counter-blog debate with local real estate professional Gregory Wharton. Here are a few excerpts from his posts. July 3rd, 2006: Looking at the factors discussed in the previous four chapters, we can see that not only was there…
Friday Flashback: Why Second-Guess Forbes & Moody’s?
Today’s flashback comes from September 2006, when Forbes tackled the question: How Low Will Real Estate Go? Get used to it—the seller’s market is closing up shop. The days of fat, fast home value increases are gone. Pack away those flipping fantasies. “The boom is definitely over, there’s no debate about that,” said Mark Zandi,…
Friday Flashback: Case-Shiller Home Price Losses Mapped
I thought it would be interesting to post one more viz on the latest Case-Shiller numbers. This time I’ve put the data from all twenty cities on a map. The size of each circle represents how far back prices have rewound (larger = further back), and the circles are color-coded by how much prices have…