Are Seattle-Area Rents Poised to Shoot Up Again?

This article on CNNMoney caught my attention yesterday: Renew your lease – rents could rise 10% Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years. “The demand for rental housing has already started […]

CNN Money Still Throwing Around Random Predictions

Here are a few real estate headlines over the last few years from CNN Money: May 2006: Next hot market…think Washington (woo! everybody party!) June 2007: Where the housing boom goes on (Seattle, of course) May 2008: Bulletproof housing markets get hit (oops, we were wrong) May 2009: When it makes sense to rent (hope […]

On the Horizon: A New Bubble or a Long Flat Bottom?

CNN Money asks: Is a housing shortage coming? (Short answer: No.) As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way. The nation is simply not building enough homes to keep up with potential demand. Just […]

News Roundup: Time to Rent, Tax Credits, Indices…

Here are a few relevant news stories that have popped into my inbox in the last few days: Money Magazine: When it makes sense to rent (Seattle is #1—woo!) Seattle P-I: Tax credit down-payment plan waiting for IRS Seattle P-I: Dueling indexes: How much are Seattle-area house values down? USA Today: Condo market fights to […]

Housing Crisis Not Over, Just Starting in Seattle

A couple people pointed out a piece in the Wall Street Journal yesterday titled The Housing Crisis Is Over. I don’t doubt that the mere fact that it was printed in the WSJ makes it gospel to some folks. I am not interested in writing a rebuttal to this piece, as that has already been […]

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Bubble Link Roundup

Dang, my inbox has been flooded with stories lately. Here’s a recap of some of the more interesting ones related to the local housing market. Click below to read tales of rising rents, flaming hot office markets, expensive and stale listings, virtual property tours, disappearing mortgage options, booming condos, and more!

“Positive Fundamentals” with “Hints of Weakness”

Ahh, Les Christie of CNN Money—the perfect national companion to our local captain of the real estate cheerleading squad, Elizabeth Rhodes. Where would we be without your frequent reports reminding everyone across the country just how special Seattle is? In the middle of a nationwide housing slump, a few markets have held their ground – […]