via @SeattleTimes – Downtown buildings' owner misses loan's $154M balloon payment http://bit.ly/aA2dfk # Research I did @Redfin shows that banks have not slowed their pace of listing REOs on the market: http://on.wsj.com/9L6pNT # Am I the only one who finds this headline to be hilarious? "Mortgage rates jump to 4.39%" http://bit.ly/cAHXuc # via @SeattleTimes –…
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: “Four offers instead of six”
Here are a few excerpts from an amusing series of radio reports that aired on KIRO in August 2005, the same month I started Seattle Bubble. Conway: “We’re growing twice as fast as the nation, and that-that will certainly act as a buffer. If we-if we do see a downturn in the housing market, it…
Weekend Open Thread (2010-11-19)
Here is your open thread for the weekend beginning Friday November 19th, 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…
Is 1998 Price + Inflation a Fair Home Valuation Method?
Yesterday TheHulk brought up an interesting idea in the comments: Whenever I look at listings online, for older houses (aka houses built before 2000), in my mind I make up a figure on what that house price should be today. My stupid back-of-the-envelope calculation is as follows: Current price – 500K Last Sold – 250K…
Real Actual Listing Photos: Kendra Todd Edition
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…