I personally believe that a reasonable analysis of the local economic fundamentals points to another ten to fifteen percent decline in Seattle-area home prices. However, I also believe that barring a major economic catastrophe that slashes wages and dramatically increases unemployment, buying in today’s market can be a good move if you can find 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.
Mid-Week Open Thread (2010-12-22)
Here is your open thread for the mid-week on December 22nd, 2010. 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…
Seattle Home Prices Still Not Hitting Bottom
Here are a few charts of price per square foot for Seattle single-family homes… Redfin: Zillow (list price): Altos Research (list price): Draw your own conclusion about whether or not prices have hit bottom yet. Full disclosure: The Tim is employed by Redfin.
Seattle: Cash Out Refinance Foreclosure Capital?
The Seattle Times ran a story on Saturday that is worth it’s own post here. While the narrative consists mostly of the usual “personal interest” angle stuff (single mom finds her fourth home in foreclosure when she loses her $800,000 per year job as a mortgage executive, etc.), the attached Tableau interactive tells a much…
Monday Open Thread (2010-12-20)
Here is your open thread for Monday December 20th, 2010. 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…