Slowly but surely the downside of exploding house prices is being highlighted in our local media. Maybe not so much in Seattle proper, but at least down in Tacoma (where houses are quite a bit cheaper than in King County) the issue is being given some attention. The price of a home may be relatively…
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.
Random Thoughts & Observations
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…
"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…