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.

Global Insight: Seattle Overvalued By 33.8%

Posted on by The Tim

While Economy.com’s secret formula based on “an econometric model” forecasts Seattle home prices to increase 59% over the next 10 years, economic and financial research company Global Insight begs to differ. According to their own non-secret formula, Seattle home prices are overvalued by 33.8%, up from 22.3% overvalued at this time last year. Check out…

Housing Continues To Buoy State Budget

Posted on by The Tim

Here’s the latest news on the state revenue front. Housing continues to be the life vest keeping the state budget afloat. The state budget picture got even brighter Wednesday when its chief economist predicted the state would close out its books for the current two-year spending cycle with a surplus of more than $1.8 billion….

Update Zillow—Pay More Taxes?

Posted on by The Tim

With the crazy run-up in home prices of the last few years, homeowners (as a collective whole) have become somewhat two-faced when it comes to the value of their homes. On the one hand, they proudly tout how much value the granite countertops and other home upgrades have added to their home. They nestle all…