As I’m sure you all know by now, yesterday the Federal Reserve cut the benchmark interest rate again. While this move will no doubt feed the false hope for a speedy end to the housing slump, there is likely nothing the Fed can do that will stop the bubble from deflating. However, when I step…
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.
Times & P-I On Case-Shiller
Here’s the local press’ take on yesterday’s Case-Shiller data. For the most part, the reports come across as suprisingly even-handed. The biggest exception to that was the P-I’s original headline for Mr. Cohen’s piece: Seattle-area home-price appreciation leads nation again. It has since been changed to the less misleading: Mixed news on home prices. Home-price…
Seattle Bubble Ditches Dreamhost
If you’re reading this, lucky you! It means that the DNS change went through, and you are now viewing Seattle Bubble on its brand new host, Host Gator. Yesterday our old host Dreamhost decided to move the site to a different internal server with no warning, consequently taking it entirely offline and resulting in “bad_httpd_conf”…
Case-Shiller: Seattle Begins Real Declines?
The latest data from Case-Shiller has been released. Here’s a blurb from the press release: “At both the national and metro area levels, the fall in home prices is showing no real signs of a slowdown or turnaround,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. “Year-over-year and monthly price returns are continuing to…
Developers spell “price drop” I-N-C-E-N-T-I-V-E-S
Elizabeth Rhodes hits us this morning with a fun little morsel: Developers dangle discounts, toys to lure home buyers. (I wonder why this article wasn’t in the big weekend real estate section? Hmm… Edit: It would appear that the answer to that question is that they were saving it for the front page [pdf].) Puget…