Last week the Puget Sound Business Journal ran a piece comparing King County to San Diego County. It was behind a subscriber-only wall, but now it’s fully available on their website: How King County dodged mortgage mess compared to San Diego. Unfortunately, the article doesn’t really have any new material that regular readers here haven’t…
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.
Puget Sound Counties May NWMLS Update
Let’s check in on the NWMLS statistics from around the sound and see if the bottom is in yet for any of the seven Puget Sound counties we’re tracking. Here’s where the YOY stats stand for each of the six counties as of May 2008: King – Price: -6.2% | Listings: +41.7% | Sales: -38.7%…
Lawrence Yun Changes His Tune on Seattle
Remember about four months ago, when NAR Chief “Economist” Lawrence Yun said this? You may even say Seattle is underpriced if you believe Seattle is becoming a superstar city. Seattle is underpriced in relation to other West Coast markets. Well, it seems he has changed his tune ever so slightly. Here’s a more recent quote,…
Ask the Readers: Upgrading – Sell Now, or Wait it Out?
A reader posted the following question in the forums a few days ago, and while there has been some good advice and discussion there, I thought it would be good to bring the question to the larger audience of the blog for feedback as well. I have owned a 2-bed 1 bath 975 sq.ft. condo,…
Tax Assessments Falling Around the Sound
Declining property values are beginning to sink in at tax assessors’ offices around the sound. From the Everett Herald: Slump hits tax value of your home “I don’t think I can remember a year where we’ve decreased residential values countywide since I started working here in 1987,” county assessor Cindy Portmann said. Her chief residential…