Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (650)	5/26/2012 2:17:13 PM
From: tejek	Read Replies (1) \| Respond to of 2722

In the rest of King County prices were down YOY Maybe overbuilding in the burbs during the bubble and high gas prices have something to do with it? I wasn't paying a lot of attention so I could be wrong........... but I don't think there was a lot of overbuilding like in FL or AZ or NV. The housing industry was in the hands of local builders; not the nationals........and they are smaller and don't have the unlimited capital that the nationals have .......so I don't think we had construction exceeding demand. I think its why we were late getting into the recession and the construction fall off that occurred nationally. I guessing that Seattle saw a YOY bump up of its median in April because the median was artificially low last April because of foreclosures hitting the market. I think for a while there foreclosures were more a problem for the city than it was for other areas of King County......although that has changed in the last six months. What surprises me is that the rest of King County did not see even a small bump up in their medians given how small the inventory has become.