In a story eerily similar to SmartMoney’s “best shape for a rebound” article Forbes once again places Seattle #1 on their own list of Real Estate Markets Most Likely To Rebound. The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars,…
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.
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Foreclosure Breakdown: King / Snohomish / Pierce
In order to bring an even more complete picture of the Seattle-area foreclosure situation, I spent some time with Snohomish and Pierce County records, and pulled data on the number of Notices of Trustee Sale going back to 2000 for each county. Here are charts of King, Pierce, and Snohomish County foreclosures from January 2000…
Zillow: Some Homeowners Still Fooling Themselves
Zillow’s latest Homeowner Confidence Survey is at least worth a brief mention. According to the third quarter update, only 65% of homeowners in the West believe that their home declined in value over the last year, while in reality 85% of homes experienced falling prices. Read Zillow’s own blog post about the report here. Also…
CEPR: Today’s Buyers to Lose Massive Equity
The Center for Economic and Policy Research has released another report on the prospects for building home equity over the next four years, and much like their April report, their conclusions are not good for current home buyers hoping to build short-term equity. Despite the collapsing housing bubble and consequent fall in house prices in…