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August 2012 Seattle Bubble Recap

Posted on August 31, 2012 by The Tim

Welcome to the first monthly recap, a feature that I’ve seen used on other blogs to wrap up the month and highlight the major posts in a single place. I think this will be a good way to get a feel for how a month went, and catch up if you missed something. Let me know what you think of this as a recurring monthly feature.

  • We kicked things off on the 2nd with the stats preview, which was mostly more of the same story of low inventory and rising sales, but also tipped us off to a resurgence of local foreclosures.
  • On the 6th the NWMLS released their July stats, showing a slight slip in the median price.
  • On the 8th the latest migration data from the OFM showed migration into Washington is back on the rise.
  • Our in-depth look at the recent spike in local foreclosures hit on the 9th.
  • Following up a piece in the Seattle Times, on the 10th we mapped our state’s unemployment rate compared to the rest of the nation.
  • Digging a bit deeper, on the 13th we showed that Seattle-area employment is improving faster than the state and country averages.
  • We took another look at depressingly low inventory on the 14th, asking buyers if it is time to give up on 2012.
  • Our mid-month listing photo comedy relief on the 15th came from an unusually staged bathroom featuring Dr. Zomb.
  • Jillayne tipped us off to a major state supreme court decision on MERS on the 16th.
  • On the 20th, we took a look atKary’s pros and cons of attempting a short sale.
  • Our old friend the Avondale Albatross was finally unloaded, so we had a look on the 21st.
  • Redfin’s Seller Survey had an interesting tidbit about sellers overpricing on purpose that we posted on the 22nd.
  • On the 23rd we discussed the pros and cons of well water.
  • And finally, on the 28th, we took a look at June’s Case-Shiller home price index, which showed another year-over-year increase for Seattle prices.

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