Greetings Bubbleheads. I am humbled to be in the good company of many excellent folks from all walks of life and professional backgrounds! My wife went off to a “purse party” (whatever that is, please don’t ask) last night. So, my two sons and I had a BBQ and listened to Dave Neihaus call the…
Tag: job_growth
“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 –…
One Third of Seattle Homebuyers Have Unaffordable Mortgages
Aubrey Cohen reports on a recently-released report out of Harvard. The report isn’t your usual rah-rah, go housing type of fluff, and actually shows Washington State as being among the markets with a larger percentage of risky loans. I don’t imagine it’s a coincidence that there’s not even a passing mention of the report in…
Wanted: Construction Job in Seattle
Either this report is a fabrication, or the guys in question haven’t been clued in to how special Seattle is… Construction workers from across the country came to the Cedar Rim Apartments in Newcastle for a major remodeling project.They worked for weeks but were only partially paid. Now, some are stranded and taxpayers are footing…
Spot the Fundamentals
Let’s play a game. It’s called “Spot the Fundamentals,” and the way we play it is by looking at some of the “fundamentals” to figure out which ones are responsible for our area’s high home prices. The frequent condescending argument of the cadre of Seattle area housing bulls (real estate agents, “analysts,” the press, and…