Let’s take a look at 2008’s fourth quarter closed sales volume for King County: That’s a drop of 31% from 2007, and also 31% from the previous quarter. The “usual” drop from Q3 to Q4 is 10-20%. At this point, I really don’t think sales have much further to drop. They’re practically as low as…
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.
Reminder: Meetup Tonight at 6:00
Don’t forget tonight’s Seattle Bubble meetup. Here are the details: DATE & TIME: Tuesday January 20th at 6:00 PM PLACE: Kate’s Pub (Wallingford; located near I-5 and many bus routes) RSVP: Optional; E-mail eli [at] eligoldberg [dot] com and we’ll save you a spot. Our table will have an improvised “Seattle Housing Bubble” sign. Call 206.313.1914 if you need…
Foreclosure / Short Sale Mess in Tacoma
We’ve seen plenty of these kinds of articles and news reports about the foreclosure situation down in southern California, but I don’t think many people ever would have expected to see such a piece written about the Seattle area: Foreclosures mean work for “trash-out” specialists Contractors who specialize in cleaning and maintaining the nation’s growing…
Poll: What year will home prices in Seattle return to 2007 highs?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 01.24.2009.
Stock Market Crash Historical Comparison Update
I thought it would be interesting to post an update on the stock market crash graph that I first posted back in October. In the chart below I have graphed the crashes of 1929, 1973, 1987, and 2001 alongside the current fall, with the peak points aligned near the left. Each crash is scaled on…