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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.
Ask the Industry Insiders: Dan Klusman of RightTimetoBuy.org
For the first interview in our “ask the industry insiders” series, we turn to Dan Klusman, Director of Communications for the Master Builders Association of King and Snohomish Counties, the group behind the website Right Time to Buy. Rather than pick and choose what portions of the interview to share, I’m just going to include…
Foreclosures Continued to Increase in October
Here’s your October update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: October 2008 King: 643 NTS, up 82% YOY Snohomish: 331 NTS, up 128% YOY Pierce: 603 NTS, up 84% YOY The graphs below are derived from monthly Notice of Trustee Sale counts gathered at…
One in Five Pending Sales Failed to Close in Q3
With Q3 + 1 month now behind us, it’s time to take another look at the relationship between pending and closed sales. Recall that in Q2, a record-setting 15.9% of pending sales had fallen through and never showed up as closed sales. Here’s an update. The graph below shows quarterly King County SFH pending sales…
Highlights of the FHFA Streamlined Modification Program
Here are the basics of the latest mortgage bailout initiative from Fannie Mae and Freddie Mac that was announced today by the Federal Housing Finance Agency. To qualify, borrowers must: Have a loan owned or guaranteed by Fannie or Freddie. Owe 90% or more than the home is worth. Be 90 days or more behind…