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.

One response to “Christmas Open Thread (2012-12-24)”

  1. Kary L. Krismer

    Another agent recently was commenting that the market still has not recovered in one very particular way. Move up buyers are still relatively rare. Apparently my marketing and self-promotion isn’t working too well, because I let everyone know back in April that it was now okay to buy first and then sell! /sarc

    I think the reason for that is more than just reduced prices (real and perceived). During the tax credit days the talk was of borrowing demand from the future. I’m not sure that has turned out to be all that much of a problem, because there seem to be plenty of first time buyers today. But during 2006-2007, and earlier, a lot of buyers bought condos. They’re more likely to not be able to be a move up buyer, particularly if they have a bad association or facing full up rental caps. That seemingly stole from the future in a far more significant way than the tax credit.

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