The Office of Financial Management recently emailed me their latest annual migration data, which shows the first increase in new residents moving into the state since 2006: After a paltry 6,055 people moved to Washington between April 2010 and April 2011, the pace has picked up this year, reversing a five-year trend and mostly catching […]
Posts with the migration tag
Hagar: Never Mind the Bogus Data, Recovery is Here!
In yesterday’s post I took local real estate agent, appraiser, and real estate educator Richard Hagar to task for some misleading statements he made during a live appearance on KUOW last week. Specifically, I called out his claim that Washington State is currently experiencing net migration of 125,000 people per year. Mr. Hagar dropped by […]
The Mythical Equity Locust
There are many arguments to be had between the Seattle Bubble housing bulls and bears, but one belief that seems to be commonly shared is that one of the primary drivers of demand and pricing in our market is a steady stream of rich Californians moving up and driving prices up. The bulls argue that […]