Hissssssss… Thanks to the reader / college mate that sent this in. Seattle got a mention in yesterday’s Wall Street Journal story: Home Prices Keep Sliding; Buyers Sit Tight. The air continues to seep out of the U.S. housing market, according to the latest data, and some economists are warning that prices will keep declining…
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.
Bubble-Proof Superstar Seattle
A commenter over at RCG pointed out this Business 2.0 article that labels Seattle as “bubble-proof.” About the last place a prospective homebuyer might want to peruse MLS listings these days is in one of the country’s most expensive markets, like San Francisco, where the median cost of a single-family dwelling has jumped 37 percent…
Thursday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Big Picture: Supply vs. Demand
Why have residential real estate prices experienced an unusually rapid increase in last few years? That’s the big question that we all want the answer to, right? There’s one argument that goes something like this: There just aren’t enough homes for everyone. People are moving to the Puget Sound at a rapid pace, and homebuilding…
Kids + Condos = No Way
Here’s a tidbit from a Seattle P-I story last week about the lack of families with children downtown. The article doesn’t really have much to do with home prices or bubbles, but we have talked at length about downtown condos in the past, so it is at least worth mentioning. Sure, there’s a way to…