When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. While the local press has their own…
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.
Post Coming Soon…
Sorry about the light posting since late last week. I was out cavorting about the Peninsula over the weekend, and am in Moses Lake for work today (and therefore away from the Internet most of the day). I’ll be working on a post during the ride back to Seattle, and hope to post it when…
Bill Virgin: We are all real-estate speculators
Here’s yet another gem from P-I columnist Bill Virgin: We’re all guilty of speculating in real estate Greetings, fellow real-estate speculators. How ya’ feeling about your gamble on the real estate market these days? Who, me? Not us, you protest. Our purchase of a home is meant to provide shelter for our families, not as…
July Reporting Roundup
It’s that time of the month again—time to check in with our trusty local real estate mouthpieces “reporters” in the local press. What do Rhodes, Cohen, Benbow, Boone, and newcomer Dan Beekman (with the Tacoma News Tribune) have for us this month? Read on to find out… Warning: Sarcasm Ahead Elizabeth Rhodes, Seattle Times:Housing prices…
Supply Up, Up, & Away, Demand Still Sinking
Just a quick note to point out the NWMLS has released July stats. Compared to 2006, listings are up 44%, and sales down 8%. Here’s the link to the NWMLS press release, with a link to the recap pdf (which is no longer directly-linkable). My brothers are in-town visiting, so I haven’t got the time…