Now that prices are undeniably dropping in Seattle, a common refrain from real estate salespeople is that “you can’t time the bottom,” or “you can’t predict the future,” implying that you should go ahead and just buy now, because we’re probably at or near the bottom already, and if you wait you’ll be sorry. This…
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.
Evening Magazine on Tim Ellis & Seattle Bubble
Are you a first-time reader that saw me (Tim Ellis) on KING 5 Evening Magazine this evening? If so, welcome to Seattle Bubble. First let me say that while I am flattered that John Curley and Jim Dever referred to me as a “real estate guru,” that is not a title that I have ever…
Case-Shiller Tiers: Three Tiers, One Decline
Here’s our monthly look at Seattle’s price tiers from Case-Shiller. Remember that Case-Shiller data is based on single-family homes only, no condos or townhomes, and that Case-Shiller’s definition of the “Seattle area” is King, Pierce, and Snohomish counties. For anyone wondering how the tiers are chosen, check out last month’s post. Now here come the…
King 5 Evening Magazine: Real Estate Week
Just a quick note to let you know that King 5 Evening Magazine will be airing a series of segments this week under the banner “Real Estate ’08,” which as you can guess, are all about the local real estate market. You can catch the segments on their website, or on TV from 7:00 to…
Case-Shiller: Seattle Prices Rewound to Summer ’06
Winter for Seattle home prices continued in February according to the latest data from the Case-Shiller Home Price Index. Down 1.0% January to February. Down 2.7% YOY. The only people surprised by this data are the real estate agents that really believed it in 2006-2007 when they told people that it was “a great time…