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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.

February Stats Preview: No Good News for Buyers

Posted on March 2, 2016March 29, 2016 by The Tim

With another extra-long February in the books, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:

Sorry buyers, the glimmer of hope we saw in last month’s numbers has completely faded. Inventory was flat month-over-month, which is not a great sign for any potential spring inventory increases. Meanwhile, sales began their usual seasonal surge, and were up slightly from last year. Foreclosures continue to remain near their historic lows.

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Case-Shiller: Home Prices Finish 2015 on a Strong Note

Posted on February 23, 2016February 23, 2016 by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index.

The Seattle area’s month-over-month home price change was positive in December, but not quite as high as it was in November. The year-over-year price change is inching back up almost into double digits, as well. The only possible sign of relief for home buyers is that the increase in year-over-year price gains is slowing just slightly.

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Rocket Mortgage Super Bowl Ad: Let’s Repeat the Bubble!

Posted on February 10, 2016February 23, 2016 by The Tim

This ad for Quicken Loans’ “Rocket Mortgage” app aired during the Super Bowl on Sunday…

Wow. It is like the people at Quicken Loans who are responsible for promoting their Rocket Mortgage app somehow completely missed the previous housing bubble and the massive economic fallout when it burst.

Yes, let’s make it super easy for everyone to buy homes! What could possibly go wrong?

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NWMLS: Pending and Closed Home Sales Slow in January

Posted on February 5, 2016 by The Tim

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press…

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January Stats Preview: A Glimmer of Hope for Inventory

Posted on February 1, 2016 by The Tim

The first month of 2016 is now behind us, so let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: A glimmer of hope for buyers in King…

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