I received a question recently from a reader that can basically be boiled down to “does record-high inventory really equate to the ‘larger selection’ that real estate agents have been touting recently?” Here is their reasoning for asking: Let’s say (just making numbers up here) that during the boom years 10 houses with your parameters…
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.
Housing Slowdown Begins to Trash Local Economy
It looks like the housing bust may have finally caught up to us up here in the Northwest. According to the latest data from the Employment Security Department, unemployment in the Seattle metro area jumped 7/10 of a point last month alone. Here’s an excerpt from the Seattle Times: Unemployment in Washington state took its…
Is the opposite of a flip a flop?
I want to take a moment to highlight a thread in the forums that was started yesterday. Deejayoh’s topic, “What’s the opposite of an audacious flip?” highlights a handful of interesting examples of homes on the market in Seattle right now that have asking prices tens of thousands of dollars less than what they sold…
May Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Remember: Over 6 MOS is a buyer’s market, which gives buyers more negotiating power, but doesn’t mean homes…
Poll: How far will Seattle’s Case-Shiller HPI fall from the July ’07 peak?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 06.21.2008.