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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.
Sellers in Cheaper Neighborhoods Accepting Fewer Lowball Offers
I’d like to draw your attention to a post I made earlier this week on the Redfin Sweet Digs blog: Where are buyers getting the biggest discounts? The specific portion that I believe may be of interest to Seattle Bubble readers is the following chart, which is a scatterplot of Seattle-area zip codes, with the…
Case-Shiller Tiers: Still Falling in Sync
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. First up is the straight graph of the index from January 2000 through September 2008. Price drops accelerated slightly in September for all…
Case-Shiller: Price Drops Accelerating Slightly
It’s time once again for an update on the Case-Shiller Home Price Index. According to September data, Down 1.4% August to September. Down 9.8% YOY. Down 10.1% from the July 2007 peak Last year prices fell 0.25% from August to September and year-over-year prices were up 4.7%. Here’s the usual graph, with L.A. & San…
Rapid Rise in WA Bankruptcies
According to the Seattle Times, Washington State ranked 12th in the nation—up from 27th last year—for average monthly growth in bankruptcy filings between 2007 and 2008, with bankruptcy filings up 40% year-over-year. How is this related to real estate? You can probably guess… Across the state, declining home values and tighter credit have added a…