I’d like to take a little time to address a few things that keep coming up here and elsewhere in online real estate conversations that are starting to bug me. So that’s what I’m going to do. Doom and Gloom Apocalypse Fun Time First up is the incessant refrain that anyone predicting a decline in…
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.
King County Foreclosures Spike Up in November
Foreclosures in King County spiked upward significantly last month, according to the latest report. While the nation as a whole saw a notable drop in foreclosure filings last month, King County filings surged. The county had 767 filings in November, up 127 percent from October and 93 percent from November 2006, according to RealtyTrac, an…
The Quaint Mortgage Standards of Bedford Falls
This isn’t Seattle-specific (although I did read it in the Times), but it’s a great column that actually manages to make an insightful contrast between the movie It’s a Wonderful Life and today’s housing bubble / mortgage mess: Nowadays, it’s impossible to watch the 1946 holiday movie “It’s a Wonderful Life” and not feel a…
Everett Development Bit by Finance Fallout
The still-tightening market for financing real estate is not only taking a bite out of individuals’ ability to buy homes. It’s also starting to affect the ability of large new construction projects to get financing to even begin building. New projects like a waterfront condo complex in Everett. The start of condominium construction on the…
Weekend Local News Roundup
Here’s a roundup of some local real estate stories that came out this weekend. The Times and the P-I give Redfin some free advertising by covering their list of Seven Tactics for Selling Your Home. According to the Times, local builder Quadrant Homes (owned by Weyerhaeuser) is impervious to the housing market slowdown. From the…