Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

2 responses to “June Case-Shiller Potpourri”

  1. David Losh

    There was a comment from some one who was looking at homes who mentioned they made an offer on a property bought in 2011, had a little fixing, and sold for more than it was bought for.

    That is the only way to tell if a property is in the “black.” It would need to sell for more than what was paid.

    We have a real problem right now because crappy little houses are selling for premium dollars, especially in that sweet spot range of $450K to $650K. There is no way many of these properties will sell for more. There’s no float, no margin, no equity beyond the crap box it is.

    Now in the million dollar range there are some bargains.

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  2. NoahFect

    I’d ask for the third derivative, too, but I don’t want to sound like a jerk…

    Rate this comment: Thumb up 0

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