Over in the New Yorker (where the issue of foreign buyers is more substantial than a few vague anecdotes): Stop Complaining That I, Zathbog of Planet Cibwarv, Am Inflating U.S. Housing Prices I’m told there’s a familiar narrative that unfolds whenever you try to buy property in a cosmopolitan American city these days. You find…
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.
The Shadow Inventory Myth is Dead
A little over a year ago, I wrote a series of posts in which I argued that “shadow inventory” (foreclosed homes held off the market by the banks) was nearly non-existent. "Shadow Inventory" Conspiracy Theories Are Nonsense Shadow Inventory Gut Feelings, Rumors, & Anecdotes Undocumented Shadow Inventory Scarce in King County Despite all of the…
Weekly Open Thread (2015-01-19)
NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for the week of January 19th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea…
Foreclosures Almost Back to Pre-Bust Levels
It’s time for our detailed look at December foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: December 2014 King: 322 NTS, down 36% YOY Snohomish: 195 NTS, down 27% YOY Pierce: 298 NTS, down 21% YOY The number of trustee sale notices was down big yet again…
How-To: Turn a 1,475 sqft Lot Into a Half-Million-Dollar Home
This was spotted by a user over on Reddit’s /r/Seattle. The images below are of 3941 South Brandon Street on Google Street View. 2008: Empty 1,475 square foot lot. 2011: Foundation 2014: 1,687 sqft, 3-bed, 2.5-bath modern home The resulting home sold last June for just under half a million dollars. Here’s the listing description:…