The mythical “fixed payments” for home buyers takes another hit in 2008, as property taxes increase an average of 6.5% across the county. The average King County homeowner will pay about 6.5 percent more in property taxes in 2008, mostly because of voter-approved increases and creation of new taxing districts, Assessor Scott Noble reported Thursday….
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 To Get In On Bailout Action
Looks like the City of Seattle is getting in on some of the home “owner” bailout action. The City of Seattle is offering a helping hand to homeowners facing foreclosure. The pilot program would offer $5,000 loans to 40 families. Wow, $5,000, huh? That will let some overstretched buyer keep making their adjusted-ARM payments for…
Redfin Flourishing Despite Downturn, Dirty Tricks
A couple of national outlets have had interesting stories about Redfin in the last few days. Since you’re not likely to read about it in the “we pretend Redfin doesn’t exist” local agent blogs, I thought I’d highlight them here. First up is a New York Times story that claims the bursting of the real…
New Design for Seattle Bubble
As you may have noticed, I have switched the layout for Seattle Bubble over to a new design. The motivation for this move was to reduce clutter and make the site easier on the eyes. If you have any problems, comments, compliments, or any other thoughts about the new layout, please air them here, or…
Case-Shiller November: Seattle Playing Catch-Up
Home prices in Seattle continued their slide in November, according to the latest data from the Case-Shiller Home Price Index. Down 1.43% October to November. Up 1.77% YOY. That’s the fourth month-to-month decline in a row, and a year-to-year increase of barely more than half of October’s already paltry 3.30%. Here’s the usual graph, with…