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 June 2008. Click to enlarge You can see that all…
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.
Wait, what kind of condos?
It’s got unnecessarily crude language and site design that’s still pretty rough around the edges, but Cheap$#!& Condos is still pretty funny. I hope whoever is behind it keeps updating. Hat tips: Marlow Harris @ 360Digest & Matt Goyer @ Urbnlivn.
Case-Shiller: Prices Down 7% from Last Year
According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 0.2% May to June. Down 7.1% YOY. Last year prices rose 0.65% from May to June, and year-over-year prices were up 7.9%. Here’s the usual graph, with L.A. & San Diego offset from…
Tens of Thousands of Subprime Loan Resets Coming to Seattle
Interesting story from Kirsten Grind over at the Puget Sound Business Journal: Experts see more subprime-loan pain ahead Another big wave of subprime mortgages will see interest rates reset to a much higher rate over the next six months in the Seattle area, an indication that the Puget Sound region might still be facing further…
Fundraising Drive: Thank You!
Thanks to the generosity of over 70 readers, the Seattle Bubble Fundraising Drive has finally come to completion, reaching the goal of raising $2,500. I just wanted to take a moment to extend a big thank you to everyone that donated. Your financial contributions allow me to continue operating this site, providing an independent alternative…