Welcome KOMO 1000 Listeners

I had a brief live appearance on KOMO 1000 Newsradio this afternoon to discuss where home prices around Seattle might be headed in the next year or two.

Here’s the audio:

If you’re visiting for the first time after hearing the interview, here’s the post I mentioned on the air: Goldman: Seattle Home Prices to Fall 22% More by 2012

And here are a few recent posts that summarize the general state of the local housing market:

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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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.


  1. 1
    query_squidier says:

    “I, for one, hope Goldman Sachs is full of it.” Heh.

    Great job, The Tim.

  2. 2
    Jonness says:

    My personal opinion is that we’ll see a correction of greater than 10% from here forward. The only way I see it staying less than that is if inflation eats into a flat housing market for many years and jobs make a much quicker comeback than I’m predicting.

    Seattle house buyers got shafted by the stimulus. Several other areas have over-corrected compared to incomes, and money is extremely cheap right now. Even with the cheap money, Seattle is still out of line with fundamentals. Looking at the foreclosure heat starting to ramp up in WA, I’d say Tim’s prediction of another 10% correction is somewhat playing it safe due to his notoriety in the community. I could be wrong though. If not, I’d be interested in hearing Tim’s “most likely scenario” given his expectations for jobs and inflation in the short, medium, and long terms.

  3. 3
    Herman says:

    Tim, I think this was your best media appearance yet.

  4. 4
    ray pepper says:

    Tim, you sounded good….However, when I’m on………………… I sound MAGNIFICENT!….The Media you gotta love them….22%!!!!…I heard fear grip their pocket books.

  5. 5
    GV says:

    I didn’t know your last name is Ellis. I grew up in Kent, there is a street there named “Ellis Place”. Look it up. Nice neighborhood. The Ellis family that pioneered the area was still there when I was growing up, they lived in two different houses as I recall. Byron Ellis is now a musician in the Seattle area, he lived in one of the Ellis houses.

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