Here’s the NWMLS press release that accompanied yesterday’s numbers: Home Buyers Starting to Seize Opportunities in Some Western Washington Areas “Home buyers in Pierce and Kitsap are starting to recognize the opportunities that exist for first-time buyers and those looking to buy a home in the more affordable price ranges,” said J. Lennox Scott, chairman…
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.
Declines in Home Prices & Consumer Spending are GOOD THINGS
I read a great post today over at Behavior Gap (thanks to an email from J.D. @ Get Rich Slowly) that is definitely worth sharing: The Great Reset A recent New York Times headline read: “Consumers Increase Savings While Spending Less” That sounds like a GOOD thing doesn’t it? It used to be that savings…
NWMLS: Home Prices Rewound to August 2005
Is it time for January market statistics from the NWMLS already? Yes it is. Here’s the NWMLS press release. “The market seems to be gaining momentum, and buyers seem to be feeling more confident,” reports Northwest MLS director Meribeth Hutchings. Agents are more optimistic and banks are getting more realistic on pricing bank-owned homes and…
Bill Virgin: Will Recession Hit Seattle Harder than Elsewhere?
Yet another great editorial from Bill Virgin: Once considered recession-proof, Seattle no longer is Recessions, Seattle has long believed, were phenomena that happened to other, less fortunate, less blessed and, frankly, less gifted parts of the world. … Until now. As recently as the first half of 2008, you could find plenty of people who…
Zillow: Seattle Home Sellers Take Increasing Losses
Zillow has posted their latest quarterly home value reports. Their charts for the Seattle area include a graph of the percentage of homes sold at a loss (approaching 30%) as well as a chart showing the percentage of recent buyers with negative equity (over 50% of 2007 buyers). Interesting stuff from Zillow as usual. You…