RT @NickTimiraos Don't fear the shadow inventory: how little new construction low vacancy rates a tailwind for housing http://t.co/eCRJyOPa # "Banks looking to lend, compete to make small-business loans" http://t.co/lwc6TpBt via @PSBJ # Powered by Twitter Tools
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.
Friday Flashback: Christine Gregoire’s 2008 Advice – “Our economy is strong. Buy your home.”
Back in January 2008, nearly two years after the housing bust began, and six months after home prices peaked in the Seattle area, Washington State Governor Christine Gregoire was hitting the campaign trail with a reelection message powered by complete denial: Addressing the politically powerful Washington Realtors, the Democratic governor said she sometimes wishes people…
Weekend Open Thread (2012-08-17)
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 weekend beginning Friday August 17th, 2012. You may post random links and off-topic discussions here. Also, if you have an…
Washington State Supreme Court: MERS May Not Foreclose Unless They Hold the Note
Jillayne pointed me toward an interesting Washington State Supreme Court ruling that was just filed today. It seems that according to the Supreme Court, Mortgage Electronic Registration System Inc. (MERS)—the popular service used by many banks to consolodate their mortgage filings—doesn’t have the standing to proceed with foreclosures in Washington unless they actually hold the…
Real Actual Listing Photos: Dr. Zomb is Watching You!
It’s time for another installment of Real Actual Listing Photos. Once a month (or so) I round up some of the most bizarre listing photos from around the Seattle area and post them here, with brief excerpts from the real actual listing description, and probably a bit of snarky commentary. The idea for this series…