Eileen Tefft over at Rain City Real Estate Guide pointed out that Bankrate.com has ranked Seattle (together with Portland) as one of the top ten "bubble blowers" — places that they say "appreciation should continue to grow." The overall news out of the Pacific Northwest isn’t great. The area lost jobs in the tech bust…
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.
March Sales Figures Roundup
Okay let’s try to group the rest of the March articles into one post. The Seattle P-I assures us that everything is perfectly normal. Pending home sales in Seattle and King County fell again in March, while home prices continued to climb. Real estate experts said the declining sales shouldn’t be cause for concern and…
Perplexing March Reporting
Let’s take a look at our friend Elizabeth Rhodes’ more lengthy article in today’s Seattle Times, where she paints a picture of a Seattle area real estate market that is still super-hot and doesn’t know the meaning of slowdown. I usually try to limit article quotes to just a few paragraphs but this one has…
Times’ Report Not Consistent With Figures
I could be missing something here, but yesterday’s blurb in the Seattle Times about the March sales figures seems to me to be blatantly misrepresenting the facts. Western Washington home prices continued to climb last month as 17 of 20 counties reported price increases of 20 percent or more compared with a year earlier. That’s…
Pierce Also Feeling Slowdown
Moving a little further north, it appears that Pierce county is noticing the slowdown as well, though not to quite the same degree as Thurston. More homes are hitting the market and staying there, as housing prices continue to climb, according to new numbers released today by the Northwest Multiple Listing Service.…The biggest change was…