For those that continue to insist that home prices around Seattle are high because “supply isn’t keeping up with demand,” I would like to point out the 2007 King County Buildable Lands Report. This is what the report has to say about building activity in King County from 2001 through 2005: King County gained more…
Tag: King_County
Jumbo Tightening Squeezes King County Buyers
Okay so this is old news to any of you that have been following the mortgage mess as it unfolds, but it’s worth bringing up again to point out the fact that Elizabeth Rhodes at the Seattle Times has finally admitted what a mess we’re in: The evening before their home purchase was to close,…
Building “Green,” “Smart” Investments, and More…
Let’s follow up yesterday’s heavy downer of a post with some lighter fare. I think it’s time for another link roundup. So you say they’re not making any more land, huh? Well, maybe not, but that doesn’t mean we’re running out of places to build houses. No, I’m not talking about condos. I’m referring to…
Pop Quiz Time: Fundamentals or Speculation?
Here’s a pop quiz for you. Take a look at the following two tables and try to determine which one more closely resembles a market based on fundamentals, and which one represents a market based on speculation. Median Household Income vs. Average Rent: 2000-2005 Year Med. Income % Chg Avg. Rent % Chg 2000 $53,200…