Rising housing costs have been steadily leading to higher rents in the Seattle area: After enjoying years of discounts, Seattle-area renters should brace themselves for the thought of opening their wallets a little wider when they see their landlords in 2006. In a trade-off to a rebounding regional economy, apartment rents are expected to rise…
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.
Venture Capital Pours Into Real Estate Tech
Remember the late 90’s? Remember all the money that was being thrown around at virtually anyone who could use a computer and form a complete sentence? Well the 90’s are over. Now you have to do more than form a complete sentence and use a computer to get millions of dollars in funding for your…
For Sale: Mercer Island Home – $40 Million
Here’s one just for laughs. Have a look at the real estate market from the top. Way up at the top—$40,000,000 on Mercer Island: It’s the ultimate trophy property: a five-bedroom, Mediterranean-style lakefront home on Mercer Island where your neighbors include Paul Allen and Mike Holmgren. Asking price: $40 million. Time on market: 15 months…
"Affordable Housing" Funded By Bubble
Sorry, I’ve been a bit behind lately. I’m changing jobs in two weeks, so I’ve been busy at work trying to finish my projects and such. Let’s start off my catch-up with an article from the Spokane Spokesman-Review that takes a look at state finances and low-income housing: State analysts estimate that more than half…
"More Fear" In Seattle Sellers?
The Seattle P-I and the Eastside Business Monthly both take a look at the newly-released NWMLS report on 2005. The reports are full of the usual ra-ra real estate talk: “In the past, the market has absorbed home price increases with household income growth,” said J. Lennox Scott, chairman and chief executive of John L….