Lots of local real estate news hitting today. Here’s another short one: Moda Condos in Belltown goes rental. When Moda Condominiums started accepting reservations in September 2006, prospective buyers lined up hours early and quickly locked up all 251 units. Now, with the Belltown building two months from completion, Moda’s developers have changed it 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.
Local Unemployment On the Rise (Wait, Still?)
The last time we checked in on unemployment data for the Seattle area, local data was rapidly catching up to national stats, with statewide unemployment jumping from 4.7 percent in April to 5.3 percent in May, and Seattle-area unemployment bumping up seven-tenths of a percent to 4.1 percent. Well, it didn’t take long for Washington…
Was King County’s Recent Home Price Boom Unprecedented?
There has been some discussion in the comments over the weekend about whether or not the current home price boom in the Seattle area is “unprecidented.” We have already explored the long-term home price trends in King County going back to 1946, but I thought it would be instructive to look at the data in…
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Great Reports from Redfin and Zillow
There has been some great stuff coming out of our Seattle-area “alternative” real estate businesses Redfin and Zillow this week that deserve to be mentioned. First up, Redfin came out with a great paper called Seven Tactics for Real Estate Bargaining. Check out their blog post announcing the study here. They analyzed recent sales data…