A few of you took issue with the assertion I made in Thursday’s post: Eventually [mortgage interest rates] will go up, but it will probably be a gradual climb, and by the time they get to 6%, incomes will also be higher. Here are a few examples of your criticisms. From Pegasus: Putting your faith…
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.
Monday Open Thread (2012-09-24)
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 Monday September 24th, 2012. You may post random links and off-topic discussions here. Also, if you have an idea or a…
Poll: If I had to choose just one, I’d want a home…
This poll was active 09.23.2012 through 09.29.2012
Weekly Twitter Digest (Link Roundup) for 2012-09-22
"Auburn tries to 'shame' lenders into maintaining homes" http://t.co/6LYc0YUG via @RealEstatePI # "Real-estate rebound adding to city coffers" http://t.co/iqO3BRAw via @SeattleTimes # Powered by Twitter Tools
King County “Affordable” Home Price 21% Higher than Current Median Price Thanks to Low Rates
Since we looked at the affordability index yesterday, Let’s have 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 median household income could afford to buy at today’s mortgage rates…