Aubrey Cohen is on a roll lately, doing a great job of reporting what’s really going on with the Seattle-area real estate market, instead of just painting the rosy picture that agents and builders would like to see printed. Here is Cohen’s latest, on the drastic price-cutting measures that builders just outside Seattle are taking…
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.
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Propaganda, Debt Bites Back, Foreclosures, and More
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….
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…