Sometimes you read something and it just makes you say “huh?!?” An article in Forbes last week titled Most Resilient U.S. Real Estate Markets gave me just such a moment. In it, Forbes writer Matt Woolsey attempts to predict the future, making some absolutely bizarre claims along the way: When it comes to real estate,…
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.
May Reporting Roundup
It’s that time of the month again… time to check in with the local press to hear the same old regurgitated message about how great and healthy our housing market is. Elizabeth Rhodes, Seattle Times: What gives? Local home-sales market is softening, but prices keep rising Local home sales cool off; why are prices still…
Inventory Soars, Sales Sag
Update: The Recap sheet has been reposted with a different filename, almost as if they’re just trying to mess with me. Anyway, here is the King County Statistical Report as well. The numbers I’m interested in match what is in the Recap report. May statistics from the NWMLS have been posted. Here’s the recap sheet….
Local Odds & Ends
Got a couple of links to share this morning. Trying to clear out the backlog before May stats from the NWMLS hit either today or tomorrow. Priced out of Seattle? King5 News recommends “shared home buying” with friends or even strangers. They also make a recommendation you don’t often see in the local press: save…
Seattle Becoming an Upper-Class “Resort Community”?
P-I columnist Bill Virgin sees the increasing unaffordability of housing in the Puget Sound as just another example of the big squeeze being put on the middle class: Billboard not yet spotted along state Route 99: Will the last middle-class family leaving Seattle please turn out the lights? The future — or lack thereof —…