By now most of you have probably already seen the Today Show video from last week in which financial entertainer Jim Cramer stated the following: Don’t you dare buy a home now. You will lose money. Of course, real estate salespeople across the country were outraged by this, and pretty much immediately flew into frenzied…
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.
Everett Makes BMIT’s “If Only I Waited”
Over at the Bubble Markets Inventory Tracking blog, they’ve got an ongoing series titled “If Only I Waited,” where they highlight purchases in which a home is sold (or for sale) at a significant discount to recent sales in the same neighborhood. For the first time, the Seattle area has been featured, with a pair…
Introducing Seattle Bubble Polls
Remember back in the dark ages, when Seattle Bubble was chained down to Blogger, and therefore didn’t have any way to add cool things like sidebar inventory trackers and built-in polls? Despite these archaic limitations, way back in August of last year, we managed to squeak out a poll. Lots of things have happened since…
Poll: What is your current housing status?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 10.06.2007.
Lenders’ Tightening Standards Even Hit Seattle
Here’s the latest from Aubrey Cohen over at the P-I: Mortgages harder to get for local borrowers Lenders who previously approved mortgages to people with bad credit, no down payment and little or no documentation of income now are refusing loans if even one of those three factors is questionable. This is true even in…