AM Radio station 710 KIRO is in the middle of a 5-part series titled CloseUp: Housing Bubble. Here are some notable highlights from the first two parts: Brooks: When the bottom fell out in 1990 home prices in Seattle stayed flat, and in some places dropped, but eventually rebounded. He believes Seattle has some things…
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.
About the Blogger
I’d like to use some space to tell you a little bit about myself so you can best understand where I’m coming from, what my purpose is in writing this blog, and what I personally believe with respect to a real estate / housing bubble. [2015 Update] As of December 2015, I am 35 and…
Speculators Make Up ~23% of Sales
I just came across an article from back in May that I found interesting enough to post here. It covers the topic of the recent epidemic of people buying real estate as an investment: The National Association of Realtors in Washington, D.C., released survey results in March indicating that 23 percent of all residential real-estate…
Can Seattle’s Working Class Afford Housing?
Today’s Seattle P-I spotlights a class of people in Seattle that could easily (and I would argue will) grow in numbers if current housing cost trends continue. That would be the working homeless. People that actually put out an honest day’s work each day, only to find they don’t have enough money to afford rent….
Think niche deals can be found? Think again.
Let’s go over what we’ve learned about the Seattle real estate market. Single family homes: cost increasing, supply decreasing. Condos: cost increasing, supply decreasing. Geographic range of Seattle’s bubble: north to Mount Vernon, south to Olympia. Today we learn that the bubble’s effects stretch even to the obscure niche markets, such as houseboats. “At one…