Let’s check in on February market statistics from the NWMLS. First up, the NWMLS press release. Home buyers appear to be in a “mental filibuster,” according to one real estate executive upon seeing the latest figures from Northwest Multiple Listing Service. The report on February activity for 19 counties across Washington shows slight gains in…
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.
Massive Condo Oversupply on the North End
In keeping with the old cliché that “all real estate is local,” let’s take a moment to look at one local market: Kenmore townhomes and condos. I selected Kenmore because it happens to be where I live, so I am pretty familiar with the area and what projects have been built over the last couple…
Open Thread for Wednesday March 4th
Here is your open thread for Wednesday March 4th, 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…
Total Delistings by Year: 2001-2008
On last Friday’s delistings update post, a reader requested that I provide a view of the data showing cumulative year-long numbers. So, here it is: What stands out to me is how relatively stable the number of new listings has been through the past eight years, varying less than 20% from the lowest year (2008)…
More Unfounded Starry-Eyed Nonsense from Lawrence Yun
Discredited NAR mouthpiece Lawrence Yun paid Seattle a visit on Friday to spout some more of his trademark wish-based forecasting. The Puget Sound Business Journal and the P-I both had brief write-ups of his presentation. From Aubrey Cohen’s write-up in the P-I: “We believe that the home prices have already fallen to what could be…