Seattle Bubble

03/17/2023

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

http://seattlebubble.com/blog/2023/03/17/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....

03/10/2023

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

http://seattlebubble.com/blog/2023/03/10/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

03/12/2022

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

https://seattlebubble.com/blog/2022/03/11/so-what-the-heck-is-going-on-with-the-seattle-housing-market/

02/12/2022

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

https://seattlebubble.com/blog/2022/02/11/eliminating-single-family-zoning-is-a-good-idea-and-christopher-kirks-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...

08/27/2021

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....

https://seattlebubble.com/blog/2021/08/27/cleaning-house-working-on-updates/

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

11/09/2020

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

https://seattlebubble.com/blog/2020/11/09/around-the-sound-still-a-dismal-market-for-buyers-everywhere/

11/05/2020

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 ]

https://seattlebubble.com/blog/2020/11/05/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...

09/15/2020

On the blog: "Affordable" home price shot up 33% in less than two years
https://seattlebubble.com/blog/2020/09/15/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

09/10/2020

On the blog: Plunging mortgage rates held off a Seattle home price crash
https://seattlebubble.com/blog/2020/09/10/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...

09/08/2020

On the blog: NWMLS: Pending sales hit an all-time high in August
https://seattlebubble.com/blog/2020/09/08/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...

09/01/2020

On the blog: August stats preview: Plenty of demand, still so little supply
https://seattlebubble.com/blog/2020/09/01/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....

08/28/2020

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 ]
https://seattlebubble.com/blog/2020/08/28/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

08/27/2020

All righty, let's catch up a bit on our Case-Shiller data. Fun fact: S&P totally redesigned their site while I was away, making the Case-Shiller data a lot harder to download all together. Anyway, according to June data that was released this week, Seattle-area home prices were: Up 0.2 percent May to June Up 6.5 percent YOY. Up 41.5 percent from the July 2007 peak… [ 315 more words ]
https://seattlebubble.com/blog/2020/08/27/case-shiller-seattle-home-prices-up-6-5-from-2019-in-july/

Let's catch up a bit on our Case-Shiller data. According to June data that was released this week, Seattle-area home prices were up 0.2 percent May to June and up 6.5 percent YOY… Share:TwitterLinkedInFacebookRedditPinterestEmail

08/24/2020

Okay, let's get back to the data. It's about time. Okay, it's way past time. Anyway, whatever. Here's some data. Since it's been a while, let's start with a few high-level stats from around the Puget Sound. First up: Median prices of single-family homes as of July. In a word: Up. It's a bit difficult to really appreciate just how much home prices are rising right now when looking at the raw dollar values, so here's the year-over-year change for each of our eight counties: [ 179 more words ]
https://seattlebubble.com/blog/2020/08/24/the-pandemic-has-sparked-a-massive-sellers-market-and-big-price-spikes-around-seattle/

03/12/2020

Hoping to come back to life soon. But also:
https://seattlebubble.com/blog/2020/03/12/in-hibernation/

Hoping to come back to life soon… Share:TwitterLinkedInFacebookRedditPinterestEmail

09/10/2019

On the blog: NWMLS: New listings dry up as home prices plateau
https://seattlebubble.com/blog/2019/09/10/nwmls-new-listings-dry-up-as-home-prices-plateau/

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. The NWMLS published their August stats yesterday, so let's take a look at how the month shook out for the housing market. A...

09/09/2019

On the blog: August Stats Preview: Where did the listings go?
https://seattlebubble.com/blog/2019/09/09/august-stats-preview-where-did-the-listings-go/

NWMLS stats for August are due any day now, probably later today, but let's have a look at our "early" view on the August housing market stats for the Seattle area. The biggest news: Active listings appear to be down considerably from a year ago. This is a big flip from earlier this year, when listi...

07/10/2019

On the blog: Around the Sound: King County alone in price drops and big inventory gains
https://seattlebubble.com/blog/2019/07/10/around-the-sound-king-county-alone-in-price-drops-and-big-inventory-gains/

I promised an updated look at June data for the outlying counties, so let's have a look at that. Here's the latest update to our "Around the Sound" statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. King County is the only place where prices are declining...