{"id":30240,"date":"2015-02-06T07:00:45","date_gmt":"2015-02-06T15:00:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30240"},"modified":"2015-02-06T08:32:56","modified_gmt":"2015-02-06T16:32:56","slug":"nwmls-no-hope-buyers-market-january","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/","title":{"rendered":"NWMLS: No Hope for a Buyers&#8217; Market in January"},"content":{"rendered":"<p>January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let&#8217;s have a look at <a href=\"http:\/\/www.northwestmls.com\/index.cfm?\/News--Information\" title=\"NWMLS Press Release\">their press release<\/a>.<\/p>\n<blockquote><p><strong>Spring market &#8220;not waiting for tulips&#8221; but limited inventory frustrates homebuyers<\/strong><\/p>\n<p>Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according to brokers who commented on January activity.<\/p>\n<p>New figures from Northwest Multiple Listing Service show year-over-year increases in pending sales, closed sales, and prices, while inventory fell by double digits.<br \/>\n&#8230;<br \/>\n<em>[Northwest MLS director Frank]<\/em> Wilson, branch managing broker at John L. Scott in Poulsbo, said the spring market is not waiting for the tulips this year &#8211; &#8220;spring has already sprung. We are seeing an increase in traffic at our open houses with more buyers out looking at our limited inventory.&#8221;<\/p><\/blockquote>\n<p>Wow. did they seriously just reference <em><a href=\"http:\/\/en.wikipedia.org\/wiki\/Tulip_mania\" title=\"Wikipedia: Tulip mania\">tulips<\/a>?<\/em> As a <em>positive?<\/em> Just wow.<\/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\">\n<tr class=\"top_row\">\n<th style=\"font-size: 105%; border-top: 0; border-left: 0;\">January 2014<\/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>2,681<\/td>\n<td>-2.8%<\/td>\n<td>-14.4%<\/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>1,340<\/td>\n<td>-32.4%<\/td>\n<td>+2.4%<\/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>1.03<\/td>\n<td>-6.4%<\/td>\n<td>-5.2%<\/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>2,140<\/td>\n<td>+28.2%<\/td>\n<td>+6.5%<\/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>2.00<\/td>\n<td>+43.8%<\/td>\n<td>-16.4%<\/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>$441,500<\/td>\n<td>+0.3%<\/td>\n<td>+7.7%<\/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>Feel free to download the updated <a title=\"Seattle Bubble Spreadsheet\" href=\"[download(Seattle_Bubble.xlsx)]\">Seattle Bubble Spreadsheet<\/a> (<a title=\"Seattle Bubble Spreadsheet (Excel 2003)\" href=\"[download(Seattle_Bubble.xls)]\">Excel 2003 format<\/a>), but keep in mind the caution above.<\/p>\n<p>This month it&#8217;s the same basic story we&#8217;ve been seeing over most of the last year: decent sales volume, rising prices, and a lack of inventory. One thing that is interesting, which I&#8217;ll get into more later, is how the year-over-year home price growth has been trending down since late 2012.<\/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\/2015\/02\/KingCoSFHClosed2015-01.png\" rel=\"lightbox[30240]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Closed Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/KingCoSFHClosed2015-01.png\" alt=\"King County SFH Closed Sales\" \/><\/a><\/p>\n<p>Closed sales fell 32 percent from December to January, which is more than the average 24 percent decline for this time of year, but not way out of the typical range.<\/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\/2015\/02\/KingCoSFHInventory2015-01.png\" rel=\"lightbox[30240]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Inventory - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/KingCoSFHInventory2015-01.png\" alt=\"King County SFH Inventory\" \/><\/a><\/p>\n<p>Inventory hit another all-time low point in January.<\/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\/2015\/02\/KingCoSupplyVsDemandPct2015-01.png\" rel=\"lightbox[30240]\"><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\/2015\/02\/KingCoSupplyVsDemandPct2015-01.png\" alt=\"King County Supply vs Demand % Change YOY\" \/><\/a><\/p>\n<p>Both supply and demand are still moving in sellers&#8217; favor, although the demand side did drop substantially.<\/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\/2015\/02\/KingCoSFHPrices2015-01.png\" rel=\"lightbox[30240]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH YOY Price Change - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/KingCoSFHPrices2015-01.png\" alt=\"King County SFH YOY Price Change\" \/><\/a><\/p>\n<p>This one is particularly interesting to me. Seattle-area home prices peaked during the housing bubble in mid-2007, but the year-over-year change had been falling ever since late 2005. Currently home prices are still rising, but the year-over-year change has been falling since late 2012. Could we be in for another dip in home prices later this year?<\/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\/2015\/02\/KingCoSFHPricesYearly2015-01.png\" rel=\"lightbox[30240]\"><img decoding=\"async\" style=\"border: 0;\" title=\"King County SFH Prices - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/KingCoSFHPricesYearly2015-01.png\" alt=\"King County SFH Prices\" \/><\/a><\/p>\n<p>Home prices have still been basically flat since May.<\/p>\n<p>January 2015: $441,500<br \/>\nOctober 2006: $440,000<\/p>\n<p>Here are this month&#8217;s articles from the Seattle Times and P-I:<\/p>\n<p>Seattle Times: <a href=\"http:\/\/seattletimes.com\/html\/businesstechnology\/2025633415_janhomesalesxml.html\" title=\"Tight house supply pushes prices up in King County\">Tight house supply pushes prices up in King County<\/a><br \/>\nSeattle P-I: <a href=\"http:\/\/www.seattlepi.com\/realestate\/article\/Supply-of-houses-for-sale-in-Seattle-remains-tight-6065192.php\" title=\"Supply of houses for sale in Seattle remains tight\">Supply of houses for sale in Seattle remains tight<\/a><\/p>\n<p>Check back on Monday for the full reporting roundup.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let&#8217;s have a look at their press release. Spring market &#8220;not waiting for tulips&#8221; but limited inventory frustrates homebuyers Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30252,"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":false,"_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: No Hope for a Buyers' Market in January http:\/\/wp.me\/pe2Bv-7RK","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":[6,521,200,1085],"coauthors":[],"class_list":["post-30240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-nwmls","tag-saas","tag-statistics","tag-tulips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NWMLS: No Hope for a Buyers&#039; Market in January \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\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NWMLS: No Hope for a Buyers&#039; Market in January \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let&#8217;s have a look at their press release. Spring market &#8220;not waiting for tulips&#8221; but limited inventory frustrates homebuyers Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/\",\"name\":\"NWMLS: No Hope for a Buyers' Market in January \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg\",\"datePublished\":\"2015-02-06T15:00:45+00:00\",\"dateModified\":\"2015-02-06T16:32:56+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg\",\"width\":1600,\"height\":1020},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NWMLS: No Hope for a Buyers&#8217; Market in January\"}]},{\"@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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Spring market &#8220;not waiting for tulips&#8221; but limited inventory frustrates homebuyers Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according...","twitter_image":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg","twitter_creator":"@The_Tim","twitter_site":"@SeattleBubble","twitter_misc":{"Written by":"The Tim","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/","url":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/","name":"NWMLS: No Hope for a Buyers' Market in January \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage"},"thumbnailUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg","datePublished":"2015-02-06T15:00:45+00:00","dateModified":"2015-02-06T16:32:56+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/tulips.jpg","width":1600,"height":1020},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2015\/02\/06\/nwmls-no-hope-buyers-market-january\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NWMLS: No Hope for a Buyers&#8217; Market in January"}]},{"@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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