In yesterday’s Bottom-Calling conclusion discussion, Sniglet asked: If Mr. Talbott’s predictions were to come true, and we reverted to 1997 prices, what would those be? What percentage of a decline would we be talking about for the Seattle area? I responded: Based on the January 1997 King County SFH Median of $179,500, and using 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.
Bottom-Calling: So Where’s the Bottom?
So, after analyzing five (or six) different forecast methods, slicing and dicing the data, and squeezing out as many predictions as we can in a week, we’re left with one simple question: Where is the bottom? Here’s a summary of the bottom months for each of the forecasts we looked at this week: Even if…
Bottom-Calling: San Diego Lag Forecast
As regular readers of Seattle Bubble are aware, one of the most popular (and simultaneously one of the most controversial) charts we publish on a regular basis is the “Behind the Cycle” graph, which shows the year-over-year changes in Seattle and Portland’s Case-Shiller HPIs offset by 17 months from the YOY changes in the HPIs…
Bottom-Calling: Affordability Index Forecast
The affordability index is something we have visited multiple times in the past on these pages. If the concept is new to you, or you just feel like a quick refresher, I recommend you check out the following posts: Seattle Soft Landing: Do The Math A Question Of Affordability Revisiting Seattle’s Soft Landing King County…
Foreclosure Rescue Plan Open Thread
Here’s a good summary of Obama’s proposed foreclosure rescue plan from our friends over at Calculated Risk. This plan rewards those homebuyers who speculated with excessive leverage. I think this is a mistake. Another problem with Part 2 is that this lowers the interest rate for borrowers far underwater, but other than the $1,000 per…