Seattle housing bubble bursting.

Citibank / Eng
Slurpsurp

Go to company page Citibank Eng

 Slurpsurp
Nov 18, 2018 62 Comments

https://wolfstreet.com/2018/11/17/housing-market-downturn-seattle-bellevue-king-county-active-listings-price-reductions/

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 TOP 62 Comments
  • Airbnb
    Dancanito

    Go to company page Airbnb

    Dancanito
    This is the “bubble pop”
    Nov 18, 2018 15
    • Citibank / Eng
      Slurpsurp

      Go to company page Citibank Eng

       Slurpsurp
      OP
      If you plan on owning the home for 10 years plus you’ll be fine regardless. Arms are generally a great idea if you’re only going to own the home for a few years, but you’re subject to housing market corrections. Most people use ARMs to purchase homes they can’t afford using a traditional 30 year fixed which is a bad idea.

      Sooooo if you own a home now and you intend to live in if for 10 years plus who cares about market fluctuations?

      If you own a home you don’t plan to live in though a market correction consider selling soon.

      If you’re in an ARM and won’t be able to afford the p/I payment once it balloons then sell asap!!

      If you don’t own a home wait for panic to set in. You’ll know panic is setting in once it’s the lead story on the evening news.
      Nov 18, 2018
    • Amazon
      Jеff Bezоs

      Go to company page Amazon

      Jеff Bezоs
      HQ2 split is actually good news for Seattle RE. Having HQ2 over two cities means that Seattle will always be the main HQ for many years.
      Nov 18, 2018
  • According to the article: “Year-over-year, the median listing price remains up 3.9%.”
    Nov 18, 2018 21
    • Amazon / Eng
      n0v

      Go to company page Amazon Eng

       n0v
      You said: price is a lagging indicator. It isn't. Price is what we look for indicators for. Don't try to confuse things.
      Nov 18, 2018
    • Citibank / Eng
      Slurpsurp

      Go to company page Citibank Eng

       Slurpsurp
      OP
      Price has no predictive value whatsoever. Price is what it was historically up to this very second. Anything beyond this very second does not apply as it relates to pricing. Pricing is the outcome. I think you’re the one confusing things.
      Nov 18, 2018
  • Oh look, another opinion from a nobody whose opinion is worth less than my plumber's. Yawn.
    Nov 18, 2018 18
  • Amazon / Eng
    n0v

    Go to company page Amazon Eng

     n0v
    Housing prices are still up yoy and volume/sales reduction is a bit worse than normal seasonality. The real test will be next spring.
    Nov 18, 2018 0
  • To get the lot built builders have to go through a lot of permits inWA. The reason why it looks slowing down is due to too many new homes(they were all started to build last year when it was crazy). Wait a few month and see.

    Also builders are more favored of apt than single families in Sea
    Nov 21, 2018 0