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.

November Reporting Roundup

Posted on by The Tim

Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Once again, my favorite part of the NWMLS press release that accompanied yesterday’s numbers comes from Dick “Bottom-Calling” Beeson, NWMLS director and Windermere broker. Windermere’s Beeson, a member of the Northwest MLS board of…

NWMLS: Closed Sales Drop Through the Floor

Posted on by The Tim

Is it time for November NWMLS market statistics already? Yes, it is. Here’s the NWMLS press release: November’s Housing Activity in Western Washington Reflects "Microclimates" “Real estate microclimates can behave very differently,” according to one industry leader in commenting on the latest report from Northwest Multiple Listing Service. On first glimpse, the statistics for much…

“The housing market is slightly undervalued” (except in Seattle)

Posted on by The Tim

A recent report on the housing market across the country from Global Insight and National City contains some interesting bits that are worth noting: Extreme overvaluation is now essentially nonexistent. … For the country as a whole, the housing market is slightly undervalued. … Only the Pacific Northwest remains overvalued across a wide region. Their…