I heard an ad for a mortgage company on the radio this morning that had the following line: We can approve you from your car (i.e. – over the phone). Getting a home loan should be as easy as ordering pizza. It’s because of companies with that kind of philosophy that we’ve gotten into this…
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.
"Home Prices To Climb Substantially"
Here’s another gem from Ms. Rhodes of the Times: Q: We bought our house in 1996 for the same price as the sellers who bought it in 1990. We’d like to buy another house, but are hesitating for fear we’re about to enter another zero-appreciation cycle. Are conditions right for that to happen? A: Let’s…
Seattle Bubble Notion "Put To Rest"
Sometimes I can’t help but wonder if the local real estate reporters are being paid to push the “buy now!!!” mentality around here. For example, today’s article which comes right out in the headline and urges us to act fast! As of March 1, 29 properties were available. Three more were added during the month….
How Are People Affording Seattle Homes?
In a discussion this weekend over at RCG, contributor Galen Ward commented that “Home prices will probably be flat until inflation prices back to ‘normal’ levels.” To which I replied that currently “in King County a family making the median household income has just 45% of the income necessary to afford the median-priced home,” and…
Rain City Bubble Boosters Club
Our local real estate blog Rain City Real Estate Guide — by realtors, for realtors (my subtitle, not theirs) tackled the topic of a Seattle bubble today. “Eastside Specialist” Chuck Reiling places himself firmly in the “Microsoft will protect us” camp with his post: The second kind of bubble, let’s call it Type II, seems…