A pair of articles over the weekend joined forces to paint a rosy picture of the Seattle home market in general, and the Seattle condo market specifically. First, a proud moment for the “Seattle is Special” crowd, with this mention in a national article about slowing home sales: The correction in the U.S. housing market…
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.
More Editorial Truth Spotted In The P-I
Last week when Bill Virgin snuck an uncomfortable Seattle real estate truth into a sports opinion column, I was surprised. Today, when I read a P-I editorial titled ‘Easy credit driving housing prices?‘ I just about fell out of my seat. Deep in the Commerce Department’s report are even more troubling concerns: The personal savings…
Majority Of New WA Mortgages "Nontraditional"
A perceptive reader pointed out a post at Calculated Risk that pointed to a 29-page report by the Federal Deposit Insurance Corporation (pdf). The interesting piece of information is contained on page 25, in Chart 4, reproduced below. Click to enlarge And here’s the money quote from the write-up: Nontraditional loan products can be appropriate…
Weekend Open Thread
This is your open thread for the weekend. Please post random links and off-topic discussions here.