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.

Quill Leaves NWMLS, Dramatically Slashes Listing Cost

Full disclosure: Quill Realty is a Seattle Bubble advertiser, and Tim worked with Craig at his previous company WaLaw (also an advertiser) to buy his home in 2011. Last week local brokerage Quill Realty (spotlighted in this 2014 post) announced that they will be withdrawing from the NWMLS completely in order to “offer broker services […]

Case-Shiller Tiers: High Tier Prices Shoot Up

Case-Shiller Tiers: High Tier Prices Shoot Up

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: Home Prices Shot Up in March

Case-Shiller: Home Prices Shot Up in March

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 2.3% February to March Up 7.5% YOY. Down 9.4% from the July 2007 peak Last year at this time prices rose 1.9% month-over-month and year-over-year prices were up 11.6%. Year-over-year price gains […]

Weekly Open Thread (2015-05-25)

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 May 25th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea […]

Low Rates Add $120K to the “Affordable” Home Price

Low Rates Add $120K to the “Affordable” Home Price

As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage […]

Affordability Index Kept Under Control by Low Rates

Affordability Index Kept Under Control by Low Rates

A reader pointed out that we haven’t looked at how the affordability index is doing in the Seattle area since late last year. Let’s update our standard charts. So how does affordability look as of April? Despite median home prices shooting up, falling interest rates that are back below 4 percent again have kept the […]

Weekly Open Thread (2015-05-18)

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 May 18th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea […]