Apparently Tom Goodwin, King County’s Chief Economist and head of the Office of Economic and Financial Analysis is a Seattle Bubble reader, citing my chart of the decline from peak in Seattle’s Case-Shiller tiers in a recent presentation to the Regional Policy Committee (be patient, the video takes a little while to load):
You can watch the entire presentation here, if you’re into that sort of thing. Tom’s got quite a few charts of forecasts that bottom out in 2012 and then ramp up over the next few years. Personally, I think he might be a bit too optimistic about the rate of recovery, but I do agree with him that the worst is most likely behind us.
Hat tip to my coworker Lisa Taylor, who spotted this on King County TV last night. Thanks Lisa!