According to KING 5, Quadrant homes announced some major layoffs yesterday. The slowdown in home sales nationwide has now hit one of the largest home builders in Washington state in the form of layoffs. Quadrant Homes is cutting up to six percent of its workforce. In an e-mail to employees, Quadrant’s CEO announced a formal…
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.
April 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…
The Nature of the Mortgage Crisis
My favorite personal finance blog Get Rich Slowly gave me a heads up earlier this week about an excellent radio piece that you should make the time to listen to. It’s titled The Giant Pool of Money, and you can download the mp3 for free through the 18th of this month. They interview a handful…
WCRER: Housing Market Improving for Buyers
The latest quarterly housing market snapshot from the Washington Center for Real Estate Research (WCRER) was released yesterday, and as expected, the news continues to get better for home buyers. Since we’re talking about January through March, there are no surprises here for anyone that has been following the NWMLS data and the Case-Shiller index….
Is the Seattle Area Becoming Unlivable?
Couched in woeful tales of local residents that have been priced out of living in Seattle (buying or renting), a story in yesterday’s Seattle Times explored the question of whether an expensive Seattle is a desirable Seattle. Can Seattle really claim to be a livable city when the median home value is half a million…