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…
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.
Rental Supply Set to Skyrocket
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…
January Reporting Roundup: C’mon ‘N Ride The Train
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…
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…