Fact: As of 2005, Seattle area per capita income is the 15th highest in the nation (source). Fantasy: “That pretty much says it all.” i.e. – Incomes in the Seattle area are so high, that it doesn’t matter how slowly they are growing. High incomes alone will keep home prices from falling. Reality: Of the…
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.
03.29.2007 – Thursday Open Thread
This is your open thread for Thursday, March 29, 2007. You may post random links and off-topic discussions here. Be sure to also check out the forums, and get your word in the user-driven discussions there!
Spot the Fundamentals
Let’s play a game. It’s called “Spot the Fundamentals,” and the way we play it is by looking at some of the “fundamentals” to figure out which ones are responsible for our area’s high home prices. The frequent condescending argument of the cadre of Seattle area housing bulls (real estate agents, “analysts,” the press, and…
03.28.2007 – Wednesday Open Thread
This is your open thread for Wednesday, March 28, 2007. You may post random links and off-topic discussions here. Be sure to also check out the forums, and get your word in the user-driven discussions there!
Case-Shiller: Prices Flat in Seattle
Uh-oh… Home prices go negative for first time in 11 yearsCase-Shiller price index shows prices falling in 17 of 20 cities in January WASHINGTON (MarketWatch) — U.S. home prices continued to fall in January, with prices in 10 major cities now down 0.7% year-over-year, according to Standard & Poor’s and MacroMarkets LLC, which released the…