The March Case-Shiller Home Price Index came in fairly close to, but slightly worse than the NWMLS statistics for the same month. Down 0.9% February to March. Down 4.4% YOY. According to Case-Shiller, home prices in Seattle have now declined a total of 7.3% from their July 2007 peak, and have retreated to just above…
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.
Seattle’s Condo Market: Where are the buyers?
It’s official: The Seattle condo market has hit finally a wall. Here’s a little article from the Puget Sound Business Journal on Friday that goes into all the details: With more than 400 condominiums under construction in a faltering housing market, Seattle-based Vulcan Real Estate has decided to sweeten the deal for potential home buyers….
Gas Prices & Home Buying
With gas prices passing another big round number lately, there’s been a fair amount of talk about how the high price of fuel is affecting people’s daily lives. When it comes to the real estate market, common knowledge says that higher gas prices will hit home prices in the suburbs and exurbs, while helping to…
Fundraising Drive Day 5: Looking Forward
Time for another update on the fundraising drive. So far 39 people have donated a total of $885, putting us over 1/3 of the way to the goal. Thank you for your generosity! If just 65 more people were to donate $25 each, the goal would be reached. Please consider making a donation if you…
Sagging Market Delays Another Condo Project
Is this the first sign that downtown Bellevue has reached its condo saturation point? Seattle Times: Bellevue condo project, European Tower, put on hold The housing slowdown has claimed another local high-rise, high-end condo project. The developer of 16-story European Tower, a downtown Bellevue project whose design features just one unit on each floor, said…