Here’s yet another boilerplate national real estate article rah-rah’ing Seattle’s apparent resilience: Amid all the news of plummeting national housing numbers, the premise still holds true that all real estate is local, and nothing supports that premise more than the statistics on local home price appreciation. The ka-ching from a house in Seattle rings just…
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.
Prices In Seattle Still Hot, Hot, Hot!
Check out this delightful piece from today’s Wall Street Journal: Where home prices are hot now The housing news isn’t all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston, Austin, and Charlotte and Raleigh, N.C., are…
April Reporting Roundup
Here’s a compilation of what your local press (aka real estate advertisers) had to say about last month’s home sales data from the NWMLS. It’s depressing to think that these sources are where most people get their news of the market from… Elizabeth Rhodes, Seattle Times:King County home prices keep rising, bucking national trendBuying a…
Listings Way Up, Sales Continue Descent
It’s time for April statistics from the NWMLS. King County SFH summary: April 2007Active Listings: up 38% YOYPending Sales: down 10% YOYMedian Closed Price: $465,000, up 11% YOY Sales continued their descent, making April the 17th of the last 18 months to register a YOY decrease in pending sales. Likewise, inventory continues to balloon, registering…
Throw More Money at the Problem
Problem: Housing in the Seattle area is too expensive.Government solution: Artificially inflate the buyer pool by throwing millions in government loans at the problem. Seattle will soon stake low-income housing developers in the cutthroat bidding wars for building sites. The idea, which the City Council’s Housing, Human Services and Health Committee approved as a two-year…