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re: credit bubble vs house prices
Posted on 5/9/24 at 11:00 am to WhiskeyThrottle
Posted on 5/9/24 at 11:00 am to WhiskeyThrottle
I live in Seattle area in Kirkland. Market seems to be extremely strong here and it’s relatively a bubble due to tech
Posted on 5/9/24 at 11:09 am to fareplay
quote:Yes, it's an extremely difficult market. I think some areas are actually more expensive than SF now.
I live in Seattle area in Kirkland. Market seems to be extremely strong here and it’s relatively a bubble due to tech
MSFT doing what it's done the past 5 years really feels like it's put a new, much higher floor on the Eastside. Rates moving higher has barely done anything.
How far out can you go? Issaquah is expensive, but less so than Bellevue/Kirkland/MI. Snoqualmie Ridge is sort of less expensive - but the traffic at the interstate exit is crazy.
Lots of people doing North Bend now - and the municipality has been investing in infrastructure pretty nicely.
It's hard for me to imagine it going down much, but up 60% in the past year doesn't sound right. That was awhile back.
Posted on 5/9/24 at 11:26 am to fareplay
quote:
I live in Seattle area in Kirkland. Market seems to be extremely strong here and it’s relatively a bubble due to tech.
Several here are mentioning macro factors relating to the U.S. economy and how they may affect housing prices in general. The economy at large may certainly affect the level of interest rates, but average or median nationwide home prices mean nothing to local markets. For buyers and sellers, real estate is local. And the condition of the economy in your area is what you need to focus on.
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