Forbes has come out with yet another real estate “Top 10” list, this time gabbing on about the “Top Home Sellers’ Markets.” Interestingly, Seattle is conspicuously absent from the list. They explain: The MethodologyTo measure inventory glut, we used Moody’s Economy.com and National Association of Realtors data that tracked a market’s current sales rate by…
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.
Local Foreclosure Quotes
King 5 News comes at us with some quotes from real people in King County that are part of the ever-increasing group undergoing foreclosure: Sofia DeLeon says she went for an adjustable rate mortgage, but when rates were adjusted, she couldn’t keep up. “It was scary, you know, and I felt really, really ashamed. I…
Seattle Risk Doubles in Improved PMI Model
The latest report from the PMI Group has been released, and the news is increasingly bad for Seattle: Click to enlarge As noted on the graph, PMI did improve their model with this latest report, so while Seattle’s new Risk Index of 343 is not directly comparable to its previous index of 167, the news…
Who Employs the Bubbleheads?
I’ll be traveling today, and I didn’t prepare anything yesterday, so I probably won’t have time for a substantive post. Instead, I’m curious where everybody works and what they do. Feel free to post anonymously and with a fake email, if you prefer. I’ll start. I work at Genie in Redmond as an electrical design…
Amusing Ad Juxtaposition
One of my coworkers noticed an amusing juxtaposition of advertisements last week while he was checking the local weather forecast. I had to disable Firefox‘s Adblock Plus to see any ads, but it was worth it for the laugh: For reference, the monthly payment on a 30-year fixed mortgage of $430,000 at today’s interest rates…