Time for our February update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: February 2009 King: 838 NTS, up 99% YOY Snohomish: 414 NTS, up 100% YOY Pierce: 663 NTS, up 59% YOY Here’s a simple look at how February’s foreclosures compare to the same month…
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.
Slow Sales Continue to Drag Down State Revenue
Dramatically slumping real estate sales across Washington State continue to drag down State revenues, adding to an already bleak budget picture. From the latest state revenue collection report (pdf): Taxable real estate activity remained weak in February. Real estate tax activity reported by the counties was 56.4 percent below their year-ago level. January receipts had…
Open Thread for Wednesday March 11th
Here is your open thread for Wednesday March 11th, 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…
Median Prices Down Over 50% in Parts of King
Although the median price has its drawbacks, it does at least give us a reasonably accurate measure of the general direction and magnitude of price changes in an area. While we have had regular monthly updates on the county-wide median prices, we haven’t really taken a look at the price breakdowns by neighborhood for a…
An Overview of the Housing/Credit Crisis
A couple people forwarded me a link to a 116-page pdf titled An Overview of the Housing/Credit Crisis And Why There Is More Pain to Come that is worth checking out. Here’s a look at the table of contents: Overview of the Great Mortgage Bubble Causes of the Great Mortgage Bubble Consequences of the Bursting…