Since I was on KING 5 News last night and KOMO 1000 radio this morning*, I thought it would be good to write up a slightly more detailed post aimed at answering the question: “What is Seattle Bubble about?” So, here’s a summary of the important points. The Bottom Line: Now is not a good…
Category: News
News, current events, etc.
Welcome KING 5 Viewers!
If you’re viewing this blog for the first time today because you saw me (Tim Ellis) on KING 5 tonight, I’d like to take a moment to welcome you. Seattle Bubble is the Seattle area’s #1 resource for news, analysis, commentary, and community discussion on the local real estate market. This community site is focused…
News Quickie: Government Revenues Sagging
Remember that slowdown in state revenues that we were warned about by our state’s chief economist ChangMook Sohn last year? Well guess what? It’s here! Washington’s construction industry continues to expand, but real estate tax collections are $18 million below expected levels. The state Revenue Forecast Council says taxable real estate activity in the past…
A request for clarity.
Rather than place a lengthy remark, I thought I’d place it as a post. Hope you don’t mind. I’m going to type as I think, so I get a free pass on typo’s. Regarding the Steve Tytler’s Everett Herald piece: Steve & fellow bubble believers, In the spirit of your article, I don’t disagree with…
September Reporting Roundup: Let the Games Begin
Okay, the biggest real story this month: plummeting sales, resulting in a record-high “months of supply.” The fake story: dropping median prices—which is most likely at least partly an illusion (so far), which can be largely attributed to… you guessed it: the plummeting sales. Let’s see what the news outlets chose to focus on… There…