Seattle home prices can’t possibly fall, because we’ve got one of the best job markets in the country! At least, that’s how the argument goes… but according to the latest claims from Forbes, that argument might not hold much water. Oklahoma has inspired its share of songs and one memorable musical. But it’s not exactly…
Tag: job_growth
Microsoft & Boeing: Seattle’s Firm Foundation
Illustration: James McFarlaneClick to enlarge Question: How many of the Seattle-area’s much-vaunted Boeing jobs will fail to materialize with the collapse of a $2.2 billion order? Question: Are predictions about Microsoft job growth perhaps just as “overly aggressive” as Vista sales forecasts (according to CEO Steve Ballmer)? Just curious. Seattle Bubble Tip Jar
Condo Shoppers Lie Low
This article appeared on the front page of the Puget Sound Business Journal early this month. While typically not read by the general public, “Biz Journals” are widely circulated throughout the business community. Local businesses use the publication to keep tabs on their customers and competitors and to stay abreast of local business news. I’ve…
"This is a great time to buy a home."
Check out this absolutely delightful paid advertisement masquerading as a “guest editorial” in today’s Seattle Times. It’s penned by Mr. Samuel L. Anderson, the executive officer of the Master Builders Association of King and Snohomish Counties. The media have been all abuzz over the past year about the softening in the housing market. … At…
Does Job Growth == Home Buying Demand?
An article in the Times yesterday about the Puget Sound’s job recovery following the dot-com bust got me thinking again about the oft-claimed jobs to home prices correlation. The usual assertion goes something like this: “Prices are justified because our economy is strong (i.e. – lots of jobs), and as long as we keep adding…