A number of you took issue with my data-backed claim that foreclosures are proceeding in a normal, orderly fashion and shadow inventory is a non-issue in the Seattle area. Your main objection seems to be based on a belief that there are large numbers of homes with mortgages that the borrower has stopped paying months…
Author: 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.
“Shadow Inventory” Conspiracy Theories Are Nonsense
For some reason, a couple weeks ago the Seattle Times website featured a syndicated article about RealtyTrac’s “Vampire REO” nonsense, which in addition to being a completely worthless bit of non-news, was already weeks old when it appeared on the front page of the Seattle Times website. In the comments to the article I did…
Case-Shiller Tiers: Low Tier Cooled Most in August
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…
Seattle Price Gains Slowest of Case-Shiller Cities in August
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data, Seattle-area home prices were: Up 0.5% July to August Up 13.2% YOY. Down 16.6% from the July 2007 peak Last year prices fell 0.1% from July to August and year-over-year prices were up 3.4%. Although the month-over-month…
Homeowner Tool Review: Toro Ultra Blower Vac Leaf Blower
Among the many “joys” of home ownership is the never-ending cycle of home maintenance. Since fall is the time when many homeowners find their lawns and driveways buried under a thick layer of brown, red, and gold, I thought it would be worthwhile to post a brief review of the Toro Ultra Blower Vac that…