About 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.

July Stats Preview: Stale Summer Edition

July is in the books, so let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: Sales came down just slightly from the multi-year highs they hit in […]

(Re) Introducing the Seattle Bubble Forums

(Re) Introducing the Seattle Bubble Forums

I am happy to announce that after suffering years of neglect and disarray, the Seattle Bubble Forums are back and better than ever.

With visits and comments here heating up as the market rises further and further into new bubble territory, I decided it was time to put in the work to bring our old forums back from the grave…

Case-Shiller Tiers: Strong But Slowing Monthly Gains

Case-Shiller Tiers: Strong But Slowing Monthly Gains

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details […]

Case-Shiller: More Strong Price Gains in May

Case-Shiller: More Strong Price Gains in May

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 1.4% April to May Up 7.4% YOY. Down 6.1% from the July 2007 peak Last year at this time prices rose 1.4% month-over-month and year-over-year prices were up 9.3%. The Seattle area’s […]

Scammy Real Estate Ads Back in Force

Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one. During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. I don’t listen to the radio that often, but in the rare instances […]

Weekly Open Thread (2015-07-27)

NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for the week of July 27th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea […]

Price to Income Ratio Back in Bubble Territory

Price to Income Ratio Back in Bubble Territory

It has been a while since we last looked at one of our primary housing bubble metrics: local home prices compared to incomes. In the next chart I am using the Case-Shiller Home Price Index for the Seattle area (which rolls together King, Snohomish, and Pierce counties) and Bureau of Economic Analysis data on per […]