Home Value Update from the Local Papers

Daniel with BalloonBoth the Seattle Times and the PI have articles today about the continual high growth in home prices in the area:

I like this quote where Elizabeth Rhodes speculates about a possible housing bubble:

Fuel for speculation of a housing bubble — but not proof of one — increased yesterday on a report that strong buyer demand has pushed Central Puget Sound prices up 10 percent or more over last spring’s already high numbers.

I’m of the opinion that demand for homes in quality urban neighborhoods is here to stay, and while that doesn’t mean the high growth in values will last forever (it won’t), I think the high prices will…

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