Seattle real estate news, discussion, links, and so forth
Seattle, WA, USA
Joined August 2009
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When the Chief Economist of NAR says "this is not the bottom for prices" you know the housing market is in for a wild ride… cnn.com/2023/03/21/homes/exi…
On the blog: Homebuyers are taking on monthly payments 59% higher than at the 2007 peak of the previous housing bubble. seattlebubble.com/blog/2023/…
Dang, monthly payments for Seattle-area homes purchased when mortgage rates bottomed out in December 2020 were about the same as they were at the peak of the early 2000s housing bubble.
In the two years since then payments have surged 65%. 😱 #RealEstate #HousingMarket
When the home you bought in 2022 is just a little underwater… #RealEstate
ALT AI-generated image of a four-story home with water covering the bottom three stories. A large whale-like creature is emerging from under the front porch. Fish swim around on the sides.
On the blog: Home prices are finally falling around Seattle—more than most places in the nation seattlebubble.com/blog/2023/…
Bingo.
"housing markets have been broken by a policy agenda that seeks to reap the gains of a thriving regional economy while failing to build the infrastructure—housing—necessary to support the people who make that economy go." theatlantic.com/magazine/arc…
If anybody on here would like to hire a housing market expert with over a decade of experience in data analysis and Tableau, drop me a line. DMs open.
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Just saw last month's NWMLS news release. Seems pretty reality-denying to refer to the current market as "typical" and there's some pretty wild wishful thinking to expect we'll return soon to "normalized conditions." 🙈 nwmls.com/august-2022-monthl…
Remember when the Associated Press declared in 2010 that “the era of record-low mortgage rates is over”?
Pepperidge Farm remembers.
New blog post!
Time for the housing market to detox from low mortgage rates seattlebubble.com/blog/2022/…
New blog post!
Time for the housing market to detox from low mortgage rates seattlebubble.com/blog/2022/…
Ten years later, we're finally going to find out… seattlebubble.com/blog/2012/…
a #mortgagerates haiku:
Seems it may be time
to finally pay the price
for keeping rates low.
Shout-out to one of the classic TV commercials of the last housing bubble: "Suzanne researched this" (2006).
King County home supply and demand have both struggled this year as mortgage rates began to climb back toward 6%. #RealEstate
Another of our updated charts. Months of supply for King County single-family homes is on the rise. #realestate
Another of our updated charts. Months of supply for King County single-family homes is on the rise. #realestate
