Housing in the Northwest has continued to experience a climb in prices this year as other parts of the nation have stalled, but some are starting to see some cracks in the foundation, and predict that next year the housing market will “cool, but not collapse.” Nationally and locally, the sizzling housing market has been…
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.
Puget Sound Economy Powered by "Magic"
Okay so that headline was a bit of hyperbole, but I’m allowed to have a little fun now and then. I just couldn’t help it after reading about the “Horizons Economic Forecast breakfast” in Pierce County: With two weeks remaining, 2005 looks to have been a year of healthy, strong and fruitful economic results. Next…
Follow-Up: Anecdotal Evidence, Pt. 3
NO DICE Here’s another update on the properties I’ve been following in my neighborhood. The house I was watching never did sell, it would seem. After stagnating on the market for over three months and lowering the asking price by 8.5%, there still were no takers for the “cozy” house. I would guess that the…
Construction Hiring Dips In WA In November
With unemployment holding steady last month at 5.6%, the Seattle Times brings us the details of the employment numbers’ relation to housing: For the past year, the construction industry has been the main driver of economic growth in the state, accounting for a whopping 19.4 percent of all new jobs. Not so in November. In…
Sims: King County RE Tax Revenue Down
I was reading through a story about the King County Council’s 9-0 (4 absent) vote to increase county spending by $3.8 million on “pet causes” when I stumbled upon an interesting line: Sims, though, said real estate tax revenue is down. Considering all the stories I’ve been posting about government revenue going through the roof…