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.

Bank-Owned Sales Inched Down Again in April

Posted on by The Tim

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In April 2012 15.2% of the sales of single-family homes in King County were bank-owned. In April 2013 that number was just 6.8%. The low point of the last few years was 5.7% in November. I wouldn’t…

Rising Homeownership May Lead to Rising Unemployment

Posted on by The Tim

There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion…

Weekly Open Thread (2013-05-13)

Posted on by The Tim

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 13th, 2013. You may post random links and off-topic discussions here. Also, if you have an idea…

Weekly Twitter Digest (Link Roundup) for 2013-05-10

Posted on by The Tim

NAR: "It’s time for 20- and 30-somethings to move out of their parent’s basement." BUY A HOME, YOU SLACKERS! http://t.co/KA0GfcTZiX -> "Former Mastro property in Redmond sells for $3.5 million" http://t.co/k9IWWZC7IW via @PSBJ -> .@The_Tim was on @KIRO7Seattle this week talking about the volatile condo market. Clip: http://t.co/frcFk6TEzF -> Is an increasing level of homeownership…