You’ve heard these stereotypes about renting, circulated by people and organizations with a financial interest in selling you a mortgage: Renting is for poor people. and, Renters don’t get involved in their community. Here’s a specific example of these arguments, courtesy of the NAR: Low- and moderate-income families, as well as minorities, are the groups…
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.
New Housing Bubble Blog: Portland
Just a quick note to point out that Seattle’s riverside neighbor to the south—Portland—has its own housing bubble blog: Portland Housing Blog. Drop on by and leave Clint a comment or two.
WCRER: Affordability Still at Record Lows
First quarter data has been released by the WCRER. There’s not much new information about King County that isn’t already in the Seattle Bubble spreadsheet, but it’s worth noting anyway since their audience is somewhat broader than Seattle Bubble’s. Here are a few quotes from the fluffy, feel-good AP report: Washington’s housing market remains a…
King County Foreclosures Keep Rising
April foreclosure stats from RealtyTrac have been released. No surprise: area foreclosures still on the rise. More Seattle-area homeowners are facing foreclosures this month, but the region remains far below the national rate, according to new statistics released Tuesday.The Seattle area, defined as King and Snohomish counties, had 760 foreclosure filings in April, up 16.7…
Wanted: Construction Job in Seattle
Either this report is a fabrication, or the guys in question haven’t been clued in to how special Seattle is… Construction workers from across the country came to the Cedar Rim Apartments in Newcastle for a major remodeling project.They worked for weeks but were only partially paid. Now, some are stranded and taxpayers are footing…