Seattle Bubble

On the blog: Homebuyers are taking on monthly payments 59% higher than at the 2007 peak of the previous housing bubble.

Homebuyers are taking on monthly payments 59% higher than at the 2007 peak of the previous housing bubble. As of February, the monthly payment for the median-price single-family home sold in King County at current mortgage rates was $3,945. The good news: This is down from an eye-watering $4,758 in October. The bad news: It's up dramatically from just a year prior, and 59% higher than what we saw at the....

On the blog: Home prices are finally falling around Seattle—more than most places in the nation

Home prices are finally falling around Seattle—more than most places in the nation Let's check up on what's happening with the Seattle-area housing market in early 2023, shall we? Share:TwitterLinkedInFacebookRedditPinterestEmail

On the blog: So… what the heck is going on with the Seattle housing market?

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On the blog: Eliminating single-family zoning is a good idea, and Christopher Kirk's Seattle Times editorial is a steaming pile of garbage

Eliminating single-family zoning is a good idea, and Christopher Kirk’s Seattle Times editorial is a steaming pile of garbage An editorial by Christopher Kirk in the Seattle Times yesterday was so stupid I had no choice but to finally come back here and respond. Here's the link: Statewide rezoning of single-family neighborhoods is a terrible idea Now, before we start it's worth noting that this piece is described as a "Spe...

Hey, just a quick note to let you know that I'm working on cleaning house here. This includes completely disabling and hiding comments, which have gotten totally out of control and frankly do not add value to the site. It's possible I may come up with some solution to add comments again in the future, but for now, they're completely disabled....

Cleaning House, Working on Updates Just a quick note to let you know that I'm working on cleaning house here… Share:TwitterLinkedInFacebookRedditPinterestEmail

On the blog: Around the Sound: Still a dismal market for buyers everywhere

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Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. October market data from the NWMLS is available. Here's what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales. [ 450 more words ]

NWMLS: Strongest October ever for closed sales October market data from the NWMLS is available. Here's what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the highest level ever seen during an October—over 3,000 sales. Share:TwitterLinkedInFacebookRedditPinterestEma...

On the blog: "Affordable" home price shot up 33% in less than two years

“Affordable” home price shot up 33% in less than two years The "affordable" home price has shot up from $530,359 in November 2018 to an all-time high of $706,800 as of August. The current "affordable" home price in King County would have a monthly payment of $2,365… Share:TwitterLinkedInFacebookRedditPinterestEmail

On the blog: Plunging mortgage rates held off a Seattle home price crash

Plunging mortgage rates held off a Seattle home price crash Seattle Bubble spreadsheets are updated even when content isn't frequently posted. You can get access to the spreadsheets by becoming a member of Seattle Bubble. It's been quite a while since we've had a look at our affordability index charts for the counties around Puget Sound, so let's have a look...

On the blog: NWMLS: Pending sales hit an all-time high in August

NWMLS: Pending sales hit an all-time high in August Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. August market stats were published by the NWMLS on Friday before the holiday weekend. The King County median price of singl...

On the blog: August stats preview: Plenty of demand, still so little supply

August stats preview: Plenty of demand, still so little supply You can always get access to the Seattle Bubble spreadsheets by supporting my ongoing work as a member of Seattle Bubble. Yes, I'm still keeping these spreadsheets updated for members! As we're getting back into the swing of things, let's check out the housing stats for the recently-completed month....

Let's check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller's "Seattle" data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details on the tier methodologies, hit… [ 244 more words ]

Case-Shiller Tiers: Low Tier Home Prices are Soaring Let's check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller's "Seattle" data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Share:TwitterLinkedInFacebookRedditPinterestEmail