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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.

Friday Flashback: “The Market is Returning to Normal”

Posted on October 10, 2014October 10, 2014 by The Tim

After mentioning how much the real estate reporting in the Seattle Times has improved, I thought it would be fun to take a look at a classic piece from November 2006, less than a year before home prices in the Seattle area peaked (emphasis mine). Home sales drop, not prices Prospective homebuyers who’ve been frustrated…

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Cheapest Homes: October 2014 Edition

Posted on October 9, 2014October 9, 2014 by The Tim

Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…

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September Reporting Roundup: “China is Very Real” Edition

Posted on October 8, 2014October 8, 2014 by The Tim

It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Home Sales…

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NWMLS: Housing Market Tightens, Slows Into Fall

Posted on October 7, 2014October 11, 2014 by The Tim

September market stats were published by the NWMLS yesterday. Here’s a snippet from their press release: Home Sales Stay Strong but Prices Approaching "Affordability Ceiling" for Some Buyers. Pending sales of homes around Western Washington surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both…

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NWMLS Levys Big Fine for Using Zillow’s “Coming Soon”

Posted on October 6, 2014 by The Tim

Back in June when Zillow launched their “Coming Soon” listing feature, we pointed out here that you wouldn’t be likely to see “Coming Soon” listings in the Seattle area due to an explicit NWMLS rule forbidding member agents from “promoting or advertising any property in any manner whatsoever” before entering the home’s listing into the…

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