As predicted, the slowing real estate market is beginning to affect other aspects of the economy in our state. The monthly jobs report from the state Employment Security Department often is full of seemingly contradictory data, but May’s report was even murkier than usual.…Beneath the confusing headline numbers, there’s considerable evidence for a simple conclusion:…
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.
Pierce Property Tax Valuations Up 22%
Proving that it is indeed possible to write a story about home price increases without resorting to overly enthusiastic quotes real estate cheerleaders and/or government beneficiaries, the Tacoma News Tribune reports on the 22% increased property tax valuations being mailed out to Pierce County residents this week: This week, the Pierce County Assessor-Treasurer’s Office will…
McMansions Cramp Kirkland’s Style
Sorry I’m a bit behind. I’ve had a busy weekend. This story was posted last Thursday, and while it might not directly relate to bubble issues, it’s still interesting to consider. Summary: McMansions in Kirkland may be getting out of hand . As Kirkland becomes a destination for new luxury homes — many taking maximum…
Most Ridiculous Item Of The Week
Let’s have a little fun on a Friday. How about a thread dedicated to sharing the most ridiculous real estate related item you’ve seen this week. An anonymous commenter yesterday made a good contribution with MLS# 26089900 which urges the potential victim buyer to "Take advantage of the Ballard Craze now," by putting in "lots…
3 Years, 50% Appreciation
Here’s another story pointed out by a reader. If only I had millions to sink into an apartment complex three years ago, I could have $6 million more now! What difference can three years make in terms of rising real estate values? In the case of Country Glen Apartments in Kent, which recently changed owners…