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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.

One in Four Pending Sales Failed to Close in Q4

Posted on February 10, 2009February 10, 2009 by The Tim

Now that 2008 Q4 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. In Q2, 15.9% of pending sales fell through. In Q3, it was 20.7%. Below is the updated chart including 2008 Q4. It shows quarterly King County SFH pending sales volume from…

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Finding a deal as a well-positioned homebuyer?

Posted on February 9, 2009 by The Tim

Time to consider another hypothetical housing market scenario, this time from a buyer’s side. Meet Sam and Tiffany. This late 20’s couple has been renting for the first five years of their married life. They have always had a nice reasonable rent that has allowed them quite a bit of discretionary income between their two…

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Poll: Potential Buyers Only: Would a $15k tax credit affect your decision to purchase a home?

Posted on February 8, 2009February 18, 2009 by The Tim

Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 02.14.2009.

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Calculated Risk on the $15k Homebuyer Tax Credit

Posted on February 7, 2009February 7, 2009 by The Tim

I’m sure many real estate agents out there are throwing parties and dancing in the streets with the Senate passage of the so-called stimulus that includes a $15,000 tax credit for home buyers. The idea is that somehow this will magically rescue the housing market and (presumably) reverse the fall of home prices. Personally, I’m…

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Rental Supply Set to Skyrocket

Posted on February 6, 2009February 6, 2009 by The Tim

Wasn’t it just a year ago that we were still being regaled with stories about how tight the housing supply was in the Seattle area, and how our population has been growing so fast that construction just couldn’t keep up, so of course high home prices and increasing rents are going to continue forever and…

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