Great comment by @jillayne: "We have to wean our economy off the real estate finance and building sectors." http://is.gd/aTicA # RT @KirstenGrind: Things get worse for #Frontier Financial: http://bit.ly/c7y0yt # Seattle: 47th-most expensive rentals in the nation, but 20th-most expensive houses for sale. Doubt that will last. http://is.gd/aURmx # SHOCKING! (not) RT @calculatedrisk: HAMP applicants…
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: Housing does not go backward
Shortly after I started this blog, I came across this opinion piece published in the Everett Herald, written by local “Real Estate Communicator” Tom Kelly in October 2005 (emphasis mine): Waiting to buy may not be wise Is there significant merit in waiting for the local housing market to cool before jumping in to buy…
Weekend Open Thread (2010-03-26)
Here is your open thread for the weekend beginning Friday March 26th, 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…
Video Two-Pack: Pent-Up Supply & High End Condos
Here are a couple of videos for you today. First up, Zillow Chief Economist Stan Humphries on Yahoo News: Here’s the money quote: We think that the amount of pent-up supply that we have of people on the sidelines, combined with the amount of foreclosures that we have, combined with the current negative equity rates…
Bottom-Calling Checkup: Still No Bottom Sighted
Speaking of the bottom, let’s have another checkup on how things are progressing with respect to our bottom-calling series from February, in which we explored six different methods of forecasting the bottom for Seattle-area home prices. Not a lot of news since our last checkup in December, when we had passed three of our six…