Full disclosure: The Tim is employed by Redfin. I noticed something a little fishy in last month’s sales numbers from the NWMLS. See if you can spot it in the closed sales chart: Notice how the number of closed sales ticked up between October and November this year, when every other year there was a…
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 (2011-12-19)
Here is your open thread for Monday December 19th, 2011. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word in the user-driven…
Poll: What’s your favorite style of house?
This poll was active 12.18.2011 through 12.24.2011.
Weekly Twitter Digest (Link Roundup) for 2011-12-17
Such specificity! "Apartment vacancies expected to fall, then rise" http://t.co/1IFk7l1I # "WaMu's former leaders reportedly settle FDIC suit" http://t.co/VQtd1k4Z via @seattletimes # RT @jontalton: WaMu getting away with it http://t.co/GhkoTSle # From a reader: Bubble houses! http://t.co/7Y6XsnvA (Not the type of bubble we typically talk about.) # WaMu / Russell Investments Center up for sale…
Big Picture 2011: Unemployment and Foreclosures
To close out the week, let’s take an updated look at a couple of factors that are continuing to drag the local housing market down: unemployment and foreclosures. From 1990 through 2006, the average unemployment rate in King County was 4.9%. The unemployment rate is currently 7.9% (61% higher than the 1990-2006 average). Over that…