{"id":104162,"date":"2016-11-04T11:44:35","date_gmt":"2016-11-04T18:44:35","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104162"},"modified":"2016-11-04T11:46:23","modified_gmt":"2016-11-04T18:46:23","slug":"nwmls-mostly-bad-news-buyers-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/","title":{"rendered":"NWMLS: Mostly Bad News For Buyers In October"},"content":{"rendered":"<p><em>Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by <a href=\"http:\/\/seattlebubble.com\/blog\/membership\/\" title=\"Seattle Bubble Membership\">becoming a member of Seattle Bubble<\/a>.<\/em><\/p>\n<p>October market stats were published by the NWMLS this morning. They haven&#8217;t posted <a href=\"http:\/\/www.northwestmls.com\/index.cfm?\/News--Information\" title=\"NWMLS Press Release\">their press release<\/a> yet, so I don&#8217;t have the usual excerpt from that. Let&#8217;s take a look at the numbers.<\/p>\n<div style=\"width: 590px; margin:0 auto 15px; border: 5px solid #000000; background:#FFFF00; color:#000000; font-variant: small-caps; font-size:130%; font-weight: bold; text-align: center; padding: 3px;\">\n<div style=\"font-size: 150%; background:#000000; color:#FFFF00; margin:-3px -3px -10px; padding:5px;\">CAUTION<\/div>\n<p><\/p>\n<p style=\"margin:0;\">NWMLS monthly reports include an <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/08\/11\/one-more-look-at-bogus-reports-from-the-nwmls\/\" title=\"One More Look at Bogus Reports from the NWMLS\" style=\"color:#000000; text-decoration:underline;\">undisclosed and varying number<\/a> of<br \/>sales from previous months in their pending and closed sales statistics.<\/p>\n<\/div>\n<p>Here&#8217;s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is favorable or unfavorable news for buyers and sellers (green = favorable, red = unfavorable):<\/p>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .top_row {font-weight: bold;} .CNNTable img {border:0;margin:0;}<\/style>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:450px;\">\n<tr class=\"top_row\">\n<th style=\"font-size: 105%; border-top: 0; border-left: 0;\">October 2016<\/th>\n<th>Number<\/th>\n<th>MOM<\/th>\n<th>YOY<\/th>\n<th>Buyers<\/th>\n<th>Sellers<\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>3,025<\/td>\n<td>-18.2%<\/td>\n<td>-1.3%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>2,514<\/td>\n<td>-0.1%<\/td>\n<td>+9.3%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">SAAS (<a href=\"http:\/\/seattlebubble.com\/blog\/2009\/04\/27\/seasonally-adjusted-active-supply-a-new-measure-of-market-virility\/\" title=\"Seasonally Adjusted Active Supply: A New Measure of Market Virility\">?<\/a>)<\/td>\n<td>0.90<\/td>\n<td>-25.8%<\/td>\n<td>-14.3%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Pending Sales<\/td>\n<td>2,829<\/td>\n<td>-3.1%<\/td>\n<td>+5.8%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Months of Supply<\/td>\n<td>1.20<\/td>\n<td>-18.1%<\/td>\n<td>-9.6%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Median Price<a href=\"http:\/\/seattlebubble.com\/blog\/2010\/03\/10\/declines-in-kings-median-price-softened-by-sales-shifts\/\" title=\"Declines in King's Median Price Softened by Sales Shifts\">*<\/a><\/td>\n<td>$550,000<\/td>\n<td>+2.2%<\/td>\n<td>+14.6%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<\/tr>\n<\/table>\n<p>September was a mixed bag, with some numbers moving in buyers&#8217; favor, but October was pretty much all bad news for buyers. The only news that wasn&#8217;t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years.<\/p>\n<p>Here&#8217;s your closed sales yearly comparison chart:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Closed Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Closed Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\" alt=\"King County SFH Closed Sales\" \/><\/a><\/p>\n<p>Closed sales were basically flat from September to October, and were up nine percent from a year earlier. Demand is still fairly strong.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Pending Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPending2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Pending Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPending2016-10.png\" alt=\"King County SFH Pending Sales\" \/><\/a><\/p>\n<p>Pending sales fell three percent in October. In eleven out of the last sixteen years, pending sales have gone <em>up<\/em> between September and October, so a slight dip is at least not terrible news for buyers. However, we saw about the same drop last year, so it&#8217;s probably nothing to get too excited about. Pending sales were still up six percent year-over-year.<\/p>\n<p>Here&#8217;s the graph of inventory with each year overlaid on the same chart.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Inventory\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHInventory2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Inventory - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHInventory2016-10.png\" alt=\"King County SFH Inventory\" \/><\/a><\/p>\n<p>Listings are back in the red from a year earlier, falling one percent from October 2015 and eighteen percent from just a month ago. Last year listings fell ten percent between September and October.<\/p>\n<p>Here&#8217;s the supply\/demand YOY graph.  &#8220;Demand&#8221; in this chart is represented by closed sales, which have had a consistent definition throughout the decade (unlike pending sales from NWMLS).<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County Supply vs Demand % Change YOY\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSupplyVsDemandPct2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County Supply vs Demand % Change YOY - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSupplyVsDemandPct2016-10.png\" alt=\"King County Supply vs Demand % Change YOY\" \/><\/a><\/p>\n<p>Both lines have moved back into sellers&#8217; territory.<\/p>\n<p>Here&#8217;s the median home price YOY change graph:<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH YOY Price Change\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPrices2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH YOY Price Change - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPrices2016-10.png\" alt=\"King County SFH YOY Price Change\" \/><\/a><\/p>\n<p>Year-over-year home price gains shot back up from ten percent the past two months to nearly fifteen percent in October.<\/p>\n<p>And lastly, here is the chart comparing King County SFH prices each month for every year back to 1994 (not adjusted for inflation).<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Prices\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPricesYearly2016-10.png\" rel=\"lightbox[104162]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Prices - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHPricesYearly2016-10.png\" alt=\"King County SFH Prices\" \/><\/a><\/p>\n<p>October 2016: $550,000<br \/>\nJuly 2007: $481,000 <em>(previous cycle high)<\/em><\/p>\n<p>The Seattle Times hasn&#8217;t posted their article yet. I&#8217;ll most likely post some kind of reporting roundup on Monday with the NWMLS press release and any local stories that post over the weekend about the October data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October market stats were published by the NWMLS this morning. They haven&#8217;t posted their press release yet, so I don&#8217;t have the usual excerpt from that. Let&#8217;s take a look at the numbers.<\/p>\n<p>September was a mixed bag, with some numbers moving in buyers&#8217; favor, but October was pretty much all bad news for buyers. The only news that wasn&#8217;t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years&#8230;<\/p>\n","protected":false},"author":2,"featured_media":104169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: NWMLS: Mostly Bad News For Buyers In October","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[6,521,200],"coauthors":[1158],"class_list":["post-104162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-nwmls","tag-saas","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NWMLS: Mostly Bad News For Buyers In October \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NWMLS: Mostly Bad News For Buyers In October \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"October market stats were published by the NWMLS this morning. They haven&#039;t posted their press release yet, so I don&#039;t have the usual excerpt from that. Let&#039;s take a look at the numbers.  September was a mixed bag, with some numbers moving in buyers&#039; favor, but October was pretty much all bad news for buyers. The only news that wasn&#039;t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/\",\"name\":\"NWMLS: Mostly Bad News For Buyers In October \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\",\"datePublished\":\"2016-11-04T18:44:35+00:00\",\"dateModified\":\"2016-11-04T18:46:23+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png\",\"width\":907,\"height\":618},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NWMLS: Mostly Bad News For Buyers In October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"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. 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Let's take a look at the numbers.  September was a mixed bag, with some numbers moving in buyers' favor, but October was pretty much all bad news for buyers. The only news that wasn't pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years...","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/","url":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/","name":"NWMLS: Mostly Bad News For Buyers In October \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage"},"thumbnailUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png","datePublished":"2016-11-04T18:44:35+00:00","dateModified":"2016-11-04T18:46:23+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2016\/11\/KingCoSFHClosed2016-10.png","width":907,"height":618},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2016\/11\/04\/nwmls-mostly-bad-news-buyers-october\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NWMLS: Mostly Bad News For Buyers In October"}]},{"@type":"WebSite","@id":"https:\/\/seattlebubble.com\/blog\/#website","url":"https:\/\/seattlebubble.com\/blog\/","name":"Seattle Bubble","description":"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f","name":"The Tim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70","url":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g","caption":"The Tim"},"description":"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. 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