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 27th, 2013. You may post random links and off-topic discussions here. Also, if you have an idea…
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.
Poll: If all else was equal, I would prefer:
This poll was active 05.26.2013 through 06.01.2013
Weekly Twitter Digest (Link Roundup) for 2013-05-24
"China’s wealthy paying cash for Eastside luxury homes" http://t.co/XoFiIAk5X2 via @seattletimes -> "Nowhere is suburbanization of poverty more evident than in South King County…" http://t.co/gL4azWoiaK All the foreclosures make sense. -> "Transit-oriented development gaining speed in Puget Sound area" http://t.co/mVqwKfJU7H via @PSBJ -> "Price tag of Bellevue Collection’s expansion will exceed 2012’s top real estate…
Low Rates Prop Up 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…
Home Affordability Tanking in 2013
It has been over four months since we had a look at the local affordability index, So let’s have a look at what the numbers look like with the price increases we’ve seen so far this year through April. As a reminder, the affordability index is based on three factors: median single-family home price as…