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…
Tag: CNNMoney
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…