Thanks to the reader that pointed out the story on CNN regarding the recently released statistics on wages. Real wages are not exactly going through the roof. For the 24-month period through the second quarter of 2005, the inflation-adjusted wages of an average American grew just 1 percent or so, according to statistics reported by…
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.
Comic Relief From Sumner
It would be a bit of a stretch to try to relate this directly to a housing bubble, but I found it amusing enough to at least warrant a mention here. It’s a story about a subdivision that was intelligently placed directly underneath a high powered radio antenna. Sumner homeowners living close to a radio…
King County Appreciation "Middling"
More evidence that King County is nearing the top of its market comes this weekend from a report that places King County’s appreciation in the bottom third of 15 counties across Western Washington. Fueled by bidding wars and a shortage of houses for sale, King County’s single-family home prices shot up 15.43 percent last year,…
Bainbridge Realtor Predicts "Even Sharper Rise"
As if to offset the words of a local economist in a separate story by the same reporter, here come the predictions of a realtor on what 2006 holds for Bainbridge Island real estate: While the national housing market is showing signs of slowing down after a fast-paced year, the Bainbridge market is still picking…
Excess Climbs High In Bellevue
Forget $200k for 500ft². Coming in 2008 to downtown Bellevue: $400k for 700ft² (that’s $571/ft² for you math whizzes out there). A longtime cornerstone of downtown Bellevue, the old Puget Sound Energy headquarters, is coming down this week to make way for twin condominium towers the developer anticipates will be one of the region’s most…