House prices in King County are up.

House prices in King County are up almost 5 percent over a year ago. That’s after a drop in the last few years that is the largest since the Great Depression. I’m interested in what people think about this. Was the drop since 2007 —

  • A disaster that wiped out the wealth of thousands of people?
  • A welcome correction of a speculative bubble that brought prices down to more realistic levels?
  • Or something else?
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AND, given your answer, is the 5 percent increase in the past year a good thing, a bad thing, or something else?

And do you base your opinion on what happened to you, or people you know? Let us know in the comments below.