City of Seattle Population Growth

NWMLS Falsely Inflates Seattle’s Population Growth

It’s time once again for a reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).

For a month that saw home prices shoot up to insane new all-time highs, the quotes from home salesmen in this month’s release are surprisingly calm.

I do want to address one glaring error in the release, though:

Seattle’s growing population is another likely factor. Recent U.S. Census Bureau data shows Seattle is gaining about 1,100 residents per week, an “astounding” figure, said MLS director Diedre Haines.

That number is false. The most recent data available shows a growth rate of less than half that level…

Friday Flashback: “We’re going fight the media”

Here’s a gem in a KOMO article from July 2008: "Open House" — sign of the times in Snohomish County Real estate agents in Snohomish County are now resorting to a “shock treatment” for slouching home sales in their area. Realtors advertised more than 400 open houses over the weekend. Agents say they hope playing […]

Welcome KOMO 1000 Listeners

I had a brief live appearance on KOMO 1000 Newsradio this afternoon to discuss where home prices around Seattle might be headed in the next year or two. Here’s the audio: https://seattlebubble.com/blog/wp-content/uploads/2010/06/KOMO-1000_2010-06-09.mp3 If you’re visiting for the first time after hearing the interview, here’s the post I mentioned on the air: Goldman: Seattle Home Prices […]

How Many More Washington Banks Will Fail?

Interesting follow-up to Friday’s failure of Venture Bank via the Tacoma News Tribune: Some banks in state risk failure The best news to derive from Friday’s announced failure and sale of DuPont-based Venture Bank came in the form of a report from a Seattle TV and radio station. But the news – that no other […]

KING 5’s Up Front: Local Housing Downturn Not Over Yet

Sunday’s Up Front on KING 5 focused on the local real estate market, and provided a relatively balanced picture. Host Allen Schauffler presented an overall picture of the current market, a look at a couple that got swept up in the bubble mania, a look at the next wave of adjustable rate resets, a warning […]

Link Roundup: Incentives, Economic Woes, Alt-A, and More

Here are a few stories from the last week or so that are worth pointing out. First up a TV report from KOMO News: “Open House” — sign of the times in Snohomish County Real estate agents in Snohomish County are now resorting to a “shock treatment” for slouching home sales in their area. Realtors […]

Welcome to Seattle Bubble

Since I was on KING 5 News last night and KOMO 1000 radio this morning*, I thought it would be good to write up a slightly more detailed post aimed at answering the question: “What is Seattle Bubble about?” So, here’s a summary of the important points. The Bottom Line: Now is not a good […]