local real estate news, statistics, and commentary without the sales spin.
Like the charts and data that I’m posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as other perks! We haven’t taken a look at my “Residential Real Estate Heat Index” for King County single-family…
After the final 2017 Seattle-area real estate sales data was released last week by the NWMLS, I updated my chart of the “Residential Real Estate Heat Index” for King County single-family homes and condos.
As a reminder, the “Residential Real Estate Heat Index” is an index that rolls changes in the median price, new listings, total inventory, pending sales and closed sales all into a single number to measure the relative “heat” of the market. Note that this index only looks at the real estate sales market. It does not factor in any other economic conditions such as wages, interest rates, rents, etc.
Below is the latest data for the heat index of King County single-family homes and condos…
I love it when I get fan mail. Here’s a delightful message that a thoughtful reader sent me yesterday:
You are a f███ing idiot. You are like the rest of the broken clock con artists that keep preaching doom…
This ad for Quicken Loans’ “Rocket Mortgage” app aired during the Super Bowl on Sunday…
Wow. It is like the people at Quicken Loans who are responsible for promoting their Rocket Mortgage app somehow completely missed the previous housing bubble and the massive economic fallout when it burst.
Yes, let’s make it super easy for everyone to buy homes! What could possibly go wrong?
It’s been almost a year since we last took a high-level view of the local housing market and considered whether or not we’re experiencing Housing Bubble 2.0. Let’s step back and take another look at the big picture. Current Market Highlights standing inventory is at an all-time low new listings are at an all-time low…