Someone linked this up in the weekend open thread, and I thought it was a pretty good summary of why I am not convinced that we are presently on the road to recovery, so I thought I’d share it here. Are We Living In Zero Hour Now? If I tried to excerpt some of the…
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.
Monday Open Thread (2009-11-23)
Here is your open thread for Monday November 23rd, 2009. 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…
Poll: Which is the biggest factor driving Seattle-area home prices?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 11.29.2009.
Weekly Twitter Digest (Link Roundup) for 2009-11-21
Foreclosed Esplanade condos in Tacoma back on the market – http://is.gd/4UU0E # Commercial RE: Expedia Tower in downtown Bellevue sells for $168 million – http://is.gd/4X9w2 # Seattle unemployment rate now just as bad as the statewide rate: 9.3% – http://is.gd/4XmOH # Forbes: Ichiro's cuts price on home "to lure reluctant buyers." http://is.gd/4YjJI Home went pend….
Home Prices Going Back Down in 2010?
An interesting post on Calculated Risk this morning points out a few notable near-term home price predictions: Housing consultant Ivy Zelman via the New York Times: …home prices are going back down. Moody’s chief economist Mark Zandi via Bloomberg: I think we’re going to see another leg down. And Goldman Sachs chief economist Jan Hatzius:…