After just nine months of increasing YOY home inventory and fourteen months of declining YOY home sales, the local media has apparently taken notice. Even Elizabeth Rhodes at the Seattle Times can’t ignore the slowing trend: In fact, buyers weren’t racing to make offers anywhere in the central Puget Sound area last month, according to…
Tag: Seattle_Times
What to Blame? Not Growth Management.
Here’s a guest editorial from today’s Seattle Times that says something I’ve been saying all along: The “home prices are high because we’re running out of land because of Growth Management” argument doesn’t hold water. The cost of housing is spiraling out of control in many parts of the Puget Sound region. King County is…
"The Market is Returning to Normal"
Now that the NWMLS numbers have been released, let’s check in with our favorite bubble-fighting dynamic duo, Rhodes & Cohen. If you were expecting them to cheer on the inexplicable increase in prices, you will not be disappointed. This month’s unified message: Prices are up, but now is the time to buy! From Ms. Rhodes’…
Elizabeth Rhodes: Master Of Misdirection
Wow, Elizabeth Rhodes is on a real anti-bubble roll this weekend. Did one of you submit this letter to her “Home Forum” Q & A? Q: I keep reading that home prices aren’t expected to decline in the Seattle area. Aren’t you overlooking the possible effect of “suicide loans” — those adjustable-rate mortgages that are…
A Gold Star For Times Cartoonist Eric Devericks
The latest editorial cartoon from the Seattle Times: Thanks to jpsfranks for pointing it out.