True story. A friend of mine was renting a decent apartment in the Fremont / Greenlake area in early 1994 for $850 per month. In late 1994 he bought a decent, mid-range house in the same area for $150,000. Over the next 12 years, he didn’t do any major remodels, just regular maintenance and a…
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.
Monday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
"This doesn’t mean that a ‘bubble’ has burst"
Ms. Rhodes follows up yesterday’s admission that the Seattle market is actually (gasp) slowing, with a softened article full of reassurances that the market from here will surely be “steady.” She kicks off the article with a paragraph that just cracks me up. At the beginning of the year, local housing experts predicted the Puget…
"A marked cooling throughout Western WA"
The NWMLS “recap” sheet for September has been posted, for those of you that prefer the summary version of the monthly statistics. And if it’s the day of the recap sheet, that means it’s the day of the Seattle Times’ “blurb” article. Amazingly, Elizabeth Rhodes finally acknowledges that the Seattle market is slowing, even using…
Olympia Experiences "Necessary Cooling Effect"
Here’s the latest report out of Olympia, where business reporter Rolf Boone doesn’t bother to wait for the NWMLS talking points press release before publishing his monthly real estate stories. While South Sound home sales year to date are running 6 percent ahead of sales through all of 2005, higher inventories continue to slow the…