Let’s look back a couple years to see what local real estate agents were saying a few months after the price peak in Seattle, and about a year into the housing decline across most of the rest of the country. Here’s a selection of choice quotes from some October 2007 articles. Note that local home…
Tag: predictions
Crosscut: Seattle Population is Nowhere Near Current Capacity
Interesting article over on Crosscut today: Why Seattle won’t grow as fast as planners say If Seattle’s current estimated population is 602,000 and we add the hypothetical 180,000 and you get 782,000 people by 2040 — considerably short of the 1.2 million that some claim are on the way. … The assumption is that right…
Bottom-Calling Checkup: No Bottom In Sight Yet
Back in February while the market’s deep freeze was leading some observers to anxiously declare that we had reached the bottom, here at Seattle Bubble we sliced and diced the market in Bottom-Calling Week. In the series we explored six different analytical methods for predicting when real estate around Seattle would hit “the bottom.” Six…
Are Home Price Drops Around Seattle Mostly Over?
I was thinking recently about the claim that we’ve been hearing lately from some sources that Seattle home price declines are over. The primary evidence they seem to provide for this hypothesis seems to be the slight bump in some Seattle-area median prices, and the uptick in sales. I’m not convinced, but rather than just…
Weekend Roundup: Empty Condos, Story Updates, & a Rosy Forecast
Got a few interesting stories for you today. First up, from the Puget Sound Business Journal: Seattle, Bellevue luxury condominium towers are slow to fill up Three-quarters of the new condos at five major buildings in Seattle and Bellevue are unsold, leaving developers in a high-stakes battle to unload millions of dollars worth of homes….