Five and a half years ago, I launched Seattle Bubble with a simple goal in mind: Analyze the Seattle-area residential real estate market and provide a forum for people to discuss ideas and share insights. While the housing market has had it’s ups and downs (and way downs) over the years, growth at Seattle Bubble…
Short Sales: What happens when the seller’s lender doesn’t provide a forgiveness letter for the deficiency?
A word from The Tim: This post is from long-time Seattle Bubble participant Tim Kane (a.k.a. “S-Crow”). With short sales becoming more common every month in the Seattle area, I think Tim has struck on an interesting topic that not many other people are talking about. We already know what a hassle short sales can…
Tim Talks Housing With John Curley [Audio]
John Curley and his listeners must have enjoyed my appearance on his 97.3 KIRO radio show last month, because he was gracious enough to have me on again tonight. Here’s the audio, in case anyone is interested (~10 minutes): https://seattlebubble.com/blog/wp-content/uploads/2011/03/John-Curley-Show-2011-03-30.mp3 Thanks for having me on again, John!
Case-Shiller Tiers: Low Tier Still Getting Walloped
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Case-Shiller: Seattle Home Prices Nearly 30% Off Peak
Happy Case-Shiller day, everybody. Yes, it’s time once again for us to take a look at the latest data from the Case-Shiller Home Price Index. According to January data, Seattle home prices were: Down 2.4% December to January. Down 6.7% YOY. Down 29.6% from the July 2007 peak Last year prices fell 1.7% from December…