{"id":7,"date":"2005-08-09T11:00:00","date_gmt":"2005-08-09T18:00:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=7"},"modified":"2005-08-09T11:00:00","modified_gmt":"2005-08-09T18:00:00","slug":"seattle-bubbles-over-all-the-way-to-olympia","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2005\/08\/09\/seattle-bubbles-over-all-the-way-to-olympia\/","title":{"rendered":"Seattle Bubbles Over, All the Way to Olympia"},"content":{"rendered":"

It would seem that Seattle’s red-hot bubble-market is bleeding over into the less-populous portions of the Puget Sound region, even as far down as Olympia<\/a>.<\/p>\n

Every month, the median sales price of Thurston County homes sets a record. The record set in June was $228,500<\/p><\/blockquote>\n

Far lower than the insane average in King County, but still quite high for that area. Too high for people to reasonably afford a house, in fact.<\/p>\n

The affordability index for first-time buyers in Thurston County is 84 percent. That indicates that buying a first-time home takes 84 percent of their income, which obviously makes it tough to purchase a home in a market where home prices are rising. First-time buyers are obviously at a disadvantage. However, there are various programs available to first-time buyers to purchase that home and give them assistance.<\/p><\/blockquote>\n

And how do people “afford” to do that? Interest-only and adjustable-rate loans, of course!<\/p>\n

(The Olympian<\/a>, 07.10.2005<\/i>)<\/p>\n

\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It would seem that Seattle’s red-hot bubble-market is bleeding over into the less-populous portions of the Puget Sound region, even as far down as Olympia. Every month, the median sales price of Thurston County homes sets a record. 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