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…
October Reporting Roundup: There Goes the Neighborhood
If you thought last month’s reporting was fun, just wait till you get a load of the goomy tone of the latest wave of articles. I find it interesting that the NWMLS chose to release the statistics so late in the day yesterday, on the fourth business day of the month (rather than the fifth,…
Supply & Demand Trends Continue, Market Still Tanking
October market statistics from the NWMLS are here. Public press release and data pdfs have not yet been posted, but I will update the post with a link once they are. Update: Here is the NWMLS press release, with links to the public pdfs. Here’s your King County SFH summary: October 2007 Active Listings: up…
Washington Real Estate: 40% overvalued?
I ran across this very interesting analysis of the California real estate market by Goldman Sachs this weekend (PDF alert!). It is the author’s contention that in the past, changes real estate prices could be explained by two factors: disposable income and interest rates. They then go on to demonstrate, as shown below – how…
Fortune: Price-to-Rent Correction Forecasting
Over at the Baltimore Housing Bubble blog, site contributor Kevin has an interesting post up about a recent article in Fortune Magazine. This months edition of Fortune Magazine (November 12, 2007) had a great article on housing called How Low Can They Go? by Shawn Tully (no online link available yet, but I’ll modify post…