I was playing around with the sales data I’ve downloaded since April of last year when I noticed a noteworthy trend in the sales of new construction. If you split each month’s sales into new construction and re-sales, then look at the median prices of each group separately, an interesting pattern emerges. What I’ve plotted…
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.
Is the “home as a profit engine” paradigm finally dying?
I recorded an interview with KIRO news radio yesterday that might be of some interest. The days of buying a house for profit may be gone https://seattlebubble.com/blog/wp-content/uploads/2010/08/KIRO-2010-08-24.mp3 An excerpt: If you’re looking for an investment, consider stocks and bonds, coins or comic books. The days of buying a house for big profit might be gone…
Mid-Week Open Thread (2010-08-25)
Here is your open thread for the mid-week on August 25th, 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…
“Entry Level” Home Sales Fell Furthest in July
In order to get a little bit better of a feel for how the tax credit expiration is affecting the sales mix, let’s take another look at a histogram of single-family home sales in King County. To generate the chart below, I downloaded all the sales data for homes sold in King County from the…
How-To: Find Bank-Owned Homes
I received a few questions in the comments and via email last week about how to find bank-owned homes, so I thought I’d put together a little guide. For the purposes of this post, we’ll consider foreclosures in three stages: Pre-Foreclosure, Unlisted Bank-Owned, and On-Market Bank-Owned. Pre-Foreclosure A home in pre-foreclosure is one where the…