Time to clear out my inbox. Following is a handful of short excerpts from things I’ve been emailed in the last few weeks. Enjoy. First up, a delightful “Home Economics Wall Chart” that is designed to “focus the consumer on the benefits of owning.” It’s Estate of Mind, Inc.’s Visual Guide to the Housing Market….
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.
Revisiting the Median Price Sales Breakdowns
I think it’s a good time to revisit the median price discussion that I first brought up last August. The median price is a decent indicator of the general direction of home prices, but it definitely has shortcomings. The biggest problem is that the median is largely influenced by the mix of sales between high…
Strong Local Economy Faltering, County Facing Large Deficit
If you think our “strong local economy” is going to protect the Seattle area from feeling a pinch in the housing market and elsewhere as recession looms on the horizon, think again. The pinch is here. With a cooling economy pinching tax revenue even as government costs rise, King County faces a $45 million budget…
February Neighborhood Months of Supply Update
I was going to spread out the stats posts a bit, but since people have been asking for months of supply (a.k.a. “absorption rate”) data after yesterday’s inventory post, I’m posting it today. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Keep in mind that…
February Neighborhood Inventory Update
Here’s an update to the King County single-family neighborhood inventory growth charts I first posted last month. The data that makes up these charts is publicly available from the NWMLS, and can be found in the NWMLS King County Breakout pdfs. Keep in mind that what’s being plotted here is total percent growth since January…