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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.
The Consequences of a Market Full of Monthly Payment Buyers
Here’s a brief quote from a post that appeared here in 2006 titled The Monthly Payment Buyer: In my opinion, it’s no wonder that home prices have gotten so out of whack with true fundamentals, when the first question someone asks in the home buying process is not “Is this house worth $XXX,000?” but rather…
Weekend Open Thread (2009-06-12)
Here is your open thread for the weekend beginning Friday June 12th, 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…
May Foreclosures Up 69% from 2008 in King County
Time for our May update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: May 2009 King: 992 NTS, up 69% YOY Snohomish: 511 NTS, up 72% YOY Pierce: 726 NTS, up 43% YOY Here’s a simple look at how May’s foreclosures compare to the same month…
Reader Story: Buying a Bank-Owned Home
Tomorrow we’ll have the monthly foreclosure report for May, but today here’s a comment left by “Ross” in the reporting roundup last week that deserves to be highlighted. Ross recounts his experience attempting to buy a bank-owned (i.e. – foreclosed) home: On a foreclose property I was watching, here’s my experience: Last purchase price (2006)…