While the median price of Seattle-area homes has skyrocketed and the number of active listings on the market has decreased, the number of realtors out there trying to sell them has surged in recent years: The nation’s sizzling housing market has attracted droves of home buyers, but it has also drawn many who are looking…
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.
First-Time Buyers Come Up Short In Seattle
Thanks again to a faithful reader for pointing out an article that slipped under my radar during the holiday. The Seattle Times reports on the growing costs of housing in the Seattle area, and how many people are being priced out of the market: Despite earning wages higher than the national average, Seattle-area buyers increasingly…
Land Sale Provides Seattle Times’ Only Profit
It seems that if not for the real estate bubble, the Seattle Times would have continued their recent in-the-red streak: The Seattle Times Co. has posted a $24 million one-time gain on its books from the June 2004 sale of 6 acres of South Lake Union real estate.…In January, Times Co. officials said their Seattle…
Detached Rental Proposal Considered
The city of Seattle is considering a proposal that could ever so slightly ease the financial pain that come with soaring housing costs by allowing detached rental apartments in single-family-zoned neighborhoods: …detached rental apartments and backyard cottages have long been outlawed in Seattle’s traditional single-family neighborhoods. Some have worried they’ll cause parking problems, erode neighbors’…
State Revenue Continues To Bubble
Here’s the latest installment of “Government Revenue Bubble,” courtesy of the Tacoma News-Tribune: Washington’s hot economy, still surging with a mighty assist from construction and real estate sales, will boost state income by more than $300 million, forecasters said Thursday. But in the same breath, economists warned of a slowdown, and Gov. Christine Gregoire and…