If you’re viewing this blog for the first time today because you saw me (Tim Ellis) on KING 5 tonight, I’d like to take a moment to welcome you. Seattle Bubble is the Seattle area’s #1 resource for news, analysis, commentary, and community discussion on the local real estate market. This community site is focused on productive discussion of the local housing market, so that everyone involved can work toward a goal of improving understanding and dispelling myths.
Please take a moment to look around the site. I recommend you take a look at the following posts:
- Rent vs Purchase: A Comparison
- Gangbuster Job Growth, Lackluster Incomes
- Big Picture: Supply vs. Demand
- or, if you’re a number-crunching kind of person, any of the posts in the stats category
For those of you that aren’t new, and didn’t catch KING 5 news tonight (as of this post, you can still catch it at 11:00 PM on KING 5), I’m hoping to update this post later with the video clip. Check back later tonight or tomorrow morning.
Update: Here’s the story on the KING5 website: Housing prices predicted to drop (thanks Deejayoh!).
Update 2: Here’s the video. I apologize for the lousy quality. I had some issues with my TV capture card last night and had to use a roundabout method to digitize this.
Oh, one more thing… Here’s the Fortune article they’re referring to in the newscast: Real estate: Buy, sell, or hold?, and here’s their specific take on Seattle. It’s the same article I mentioned (but didn’t yet have a direct link to) a few days ago in the post: Fortune: Price-to-Rent Correction Forecasting.