When I posted August foreclosure data from RealtyTrac last month with data going back to 2005, a complaint was aired (which I agreed with) that 2005-2008 is not sufficiently long-term. So, I spent some time with King County Records, and generated the following chart of Notice of Trustee sales going all the way back to…
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.
SmartMoney: Seattle in Best Shape for a “Rebound”
Although the local media can be a pretty good source of amusing overly optimistic predictions, they certainly don’t have the monopoly. Check out this entertaining article from SmartMoney magazine: Home Prices: Now for the Good News We dug into [the PMI risk index] as well as other forecasts and analysis to determine which markets are…
“Out here in Seattle, we were living in a bubble.”
These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…
Puget Sound Counties September NWMLS Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of September 2008: King – Price: -7.8% | Listings: +4.6% | Sales: +14.7% | MOS: 6.6 Snohomish – Price: -9.8% | Listings: -3.7% | Sales: -6.8% | MOS: 8.8 Pierce –…
Double-Digit Appreciation Returning Soon to Seattle!
The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….