A couple people pointed me to a great article in today’s Wall Street Journal on the prevalence of sub-prime lending across the country over the last few years. The article discusses the surge in such risky loans, and the fallout that is already underway and likely to continue. The data suggest that financial suffering is…
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.
Tytler: “I don’t buy into the ‘gloom and doom'”
For those of you not familiar with Steve Tytler, he is a columnist for the Everett Herald (and also the owner of a mortgage company) who has been pretty much the most reasonable voice in the local media on the housing market. Despite our difference of opinion on just how things will play out, I…
Realistic or In Denial? You be the judge.
The Craigslist Housing Forum has settled down considerably since last year, and the prevailing sentiment seems to have shifted from “mercilessly mock anyone who thinks housing is overpriced” to “well dang, looks like the market is headed down after all.” However, despite the increasingly obvious indicators that our local market will not be spared the…
September Reporting Roundup: Let the Games Begin
Okay, the biggest real story this month: plummeting sales, resulting in a record-high “months of supply.” The fake story: dropping median prices—which is most likely at least partly an illusion (so far), which can be largely attributed to… you guessed it: the plummeting sales. Let’s see what the news outlets chose to focus on… There…
Poll: Will you use a traditional real estate agent for your next home purchase?
This poll was active 10.07.2007 through 10.13.2007.