You know that the local housing slowdown is essentially undeniable when even the local TV news starts to pick up the story… It’s not exactly a slump, but some of the wind has left the sails of the local real estate market. What used to sell in two weeks is now taking as long as…
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.
Introducing the Seattle Distressed Sellers Index
I’d like to introduce a new statistic to Seattle Bubble: the Distressed Sellers Index (DSI). This is a metric I have been recording since May, and while I don’t have enough data to do year-over-year comparisons yet, given the recent action, I thought it was a good time to bring it in. The DSI uses…
Prices in Seattle “Not Unthinkable Yet”
Hot on the heels of an unusually balanced report on the latest NWMLS home sales data, Aubrey Cohen comes back with another piece on the local market, this one full of non-sensical rationalizations for continued price gains. Ken Kam, of Honolulu, scoped out second-home possibilities during a Seattle visit last month. “It seems like it’s…
Homebuying Platitudes vs. Reality
This is a post that I originally wrote for the highly-recommended personal finance blog Get Rich Slowly. As such, the style of writing is more geared toward the audience of that site. However, I felt that the post would be of interest to the readers here as well, so I am re-posting it in its…
August Reporting Roundup
Here’s the usual roundup of the NWMLS press release echo chamber for this month. As expected, most of the focus is on price, price, price. As long as the median price keeps going up, expect more of the same. Bibeka Shrestha, Seattle Times: Median price for house in Seattle tops $500,000 The median price for…