{"id":7860,"date":"2009-11-05T12:32:22","date_gmt":"2009-11-05T20:32:22","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=7860"},"modified":"2009-11-05T17:23:43","modified_gmt":"2009-11-06T01:23:43","slug":"nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/","title":{"rendered":"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales"},"content":{"rendered":"<p>Let&#8217;s have a look at October market statistics from the NWMLS.  Here&#8217;s the NWMLS press release: <a title=\"Tax credit spurs big surge in Western Washington home sales\" href=\"http:\/\/www.nwrealestate.com\/nwrpub\/common\/news.cfm\">Tax credit spurs big surge in Western Washington home sales<\/a>.<\/p>\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 positive or negative news for buyers and sellers:<\/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<td style=\"font-size: 105%; border-top: 0; border-left: 0;\">October 2009<\/td>\n<td>Number<\/td>\n<td>MOM<\/td>\n<td>YOY<\/td>\n<td>Buyers<\/td>\n<td>Sellers<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>8,869<\/td>\n<td>-5.2%<\/td>\n<td>-19.7%<\/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<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>1,758<\/td>\n<td>+8.7%<\/td>\n<td>+33.3%<\/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>1.61<\/td>\n<td>-11.4%<\/td>\n<td>-27.9%<\/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>2,295<\/td>\n<td>+0.3%<\/td>\n<td>+72.9%<\/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>3.86<\/td>\n<td>-5.5%<\/td>\n<td>-53.6%<\/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 title=\"Median Price Not Telling the Whole Truth\" href=\"http:\/\/seattlebubble.com\/blog\/2009\/07\/08\/median-price-still-being-distorted-by-geographic-shifts-in-sales\/\">*<\/a><\/td>\n<td>$377,500<\/td>\n<td>-1.2%<\/td>\n<td>-3.7%<\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/up-green.gif\" \/><\/td>\n<td><img decoding=\"async\" src=\"\/images-global\/down-red.gif\" \/><\/td>\n<\/tr>\n<\/table>\n<p>In a great big surprise to absolutely nobody, closed sales bumped up in a seasonally unnatural pattern in October, no doubt due to the belief many buyers had that the $8,000 tax credit would be expiring at the end of November (it is now <a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2009\/11\/45-billion-boondoggle-of-which-33.html\" title=\"$45 Billion Boondoggle of Which $33 Billion Goes To Homebuilders\">foolishly being renewed and extended<\/a>, pushed through Congress on the back of an unrelated extension of unemployment benefits).<\/p>\n<p>At this point it still looks unlikely that closed sales will manage to break through the 2,000 mark this year.  In the past, closed sales have fallen an average of 15% from October to November.  I suspect that this year we may see sales hold steady or possibly even post a slight increase, but a 14% <em>increase<\/em> would be surprising, especially with the tax credit now having been extended.<\/p>\n<p>Here&#8217;s how the closed sales situation is shaping up compared to previous years:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Closed Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County SFH Closed Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10-600x408.png\" alt=\"King County SFH Closed Sales\" width=\"600\" height=\"408\" \/><\/a><\/p>\n<p>Thanks to an apparent abundance of eager homebuyers that aren&#8217;t very good at math, closed sales made a clear break from the trend seen every other year since 2000, ticking up from September to October.  I expect a similar market distortion to appear next month as well.<\/p>\n<p>Feel free to download the updated <a title=\"Seattle Bubble Spreadsheet\" href=\"[download(Seattle_Bubble.xlsx)]\">Seattle Bubble Spreadsheet<\/a>, and here&#8217;s <a title=\"Seattle Bubble Spreadsheet (Excel 2003)\" href=\"[download(Seattle_Bubble.xls)]\">a copy in Excel 2003 format<\/a>.  Click below for the rest of the usual monthly graphs.<\/p>\n<p><!--more-->Here&#8217;s the graph of inventory with each year overlaid on the same chart.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Inventory\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhinventory2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County SFH Inventory - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhinventory2009-10-600x408.png\" alt=\"King County SFH Inventory\" width=\"600\" height=\"408\" \/><\/a><\/p>\n<p>The tax credit isn&#8217;t having much of an effect on inventory, which pretty much followed the usual seasonal pattern.<\/p>\n<p>Here&#8217;s the supply\/demand YOY graph.  In place of the now-unreliable measure of pending sales, the &#8220;demand&#8221; in the following two charts is now represented by closed sales, which have had a consistent definition throughout the decade.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County Supply vs Demand % Change YOY\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosupplyvsdemandpct2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County Supply vs Demand % Change YOY - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosupplyvsdemandpct2009-10-600x408.png\" alt=\"King County Supply vs Demand % Change YOY\" width=\"600\" height=\"408\" \/><\/a><\/p>\n<p>Only 2003 had YOY sales increases in excess of what we saw for October.  I&#8217;m starting to sense a Cash-for-Clunkers-esque hangover coming this winter&#8230;<\/p>\n<p>Here&#8217;s the chart of supply and demand raw numbers:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County Supply vs Demand\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosupplyvsdemand2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County Supply vs Demand - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosupplyvsdemand2009-10-600x408.png\" alt=\"King County Supply vs Demand\" width=\"600\" height=\"408\" \/><\/a><\/p>\n<p>Here&#8217;s the median home price YOY change graph:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH YOY Price Change\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhprices2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County SFH YOY Price Change - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhprices2009-10-600x408.png\" alt=\"King County SFH YOY Price Change\" width=\"600\" height=\"408\" \/><\/a><\/p>\n<p>And lastly, here is the chart comparing King County SFH prices each month for every year back to 1994.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Prices\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhpricesyearly2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County SFH Prices - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhpricesyearly2009-10-600x437.png\" alt=\"King County SFH Prices\" width=\"600\" height=\"437\" \/><\/a><\/p>\n<p>Still floating along around 2005 pricing.  July 2005: $375,000.  October 2009: $377,500.<\/p>\n<p>Here&#8217;s a few news blurbs to hold you over until tomorrow&#8217;s reporting roundup.<\/p>\n<p>Seattle Times: <a href=\"http:\/\/seattletimes.nwsource.com\/html\/realestate\/2010211174_webhomesales05.html\" title=\"King County home sales climb to '09 high in October\">King County home sales climb to &#8217;09 high in October<\/a><br \/>\nSeattle P-I:  <a href=\"http:\/\/www.seattlepi.com\/local\/411895_housing05.html\" title=\"Pending home sales spike, MLS report says\">Pending home sales spike, MLS report says<\/a><\/p>\n<p>In this particular case, &#8220;spike&#8221; actually means &#8220;stayed flat, but last year plummeted.&#8221;<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"King County SFH Pending Sales\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhpending2009-10.png\" rel=\"lightbox[7860]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0; margin: 5px\" title=\"King County SFH Pending Sales - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhpending2009-10-600x408.png\" alt=\"King County SFH Pending Sales\" width=\"600\" height=\"408\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s have a look at October market statistics from the NWMLS. Here&#8217;s the NWMLS press release: Tax credit spurs big surge in Western Washington home sales. Here&#8217;s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is positive or negative news for buyers and sellers: October 2009&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[6,521,200],"coauthors":[],"class_list":["post-7860","post","type-post","status-publish","format-standard","hentry","category-stats","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: Fake Expiration of Wasteful Tax Credit Boosts October Sales \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\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at October market statistics from the NWMLS. Here&#8217;s the NWMLS press release: Tax credit spurs big surge in Western Washington home sales. Here&#8217;s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is positive or negative news for buyers and sellers: October 2009...\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/images-global\/down-red.gif\" \/>\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\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/\",\"name\":\"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10-600x408.png\",\"datePublished\":\"2009-11-05T20:32:22+00:00\",\"dateModified\":\"2009-11-06T01:23:43+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10.png\",\"width\":\"902\",\"height\":\"614\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales\"}]},{\"@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. 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Here&#8217;s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is positive or negative news for buyers and sellers: October 2009...","twitter_image":"https:\/\/seattlebubble.com\/images-global\/down-red.gif","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\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/","url":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/","name":"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales \u2022 Seattle Bubble","isPartOf":{"@id":"https:\/\/seattlebubble.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage"},"image":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage"},"thumbnailUrl":"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10-600x408.png","datePublished":"2009-11-05T20:32:22+00:00","dateModified":"2009-11-06T01:23:43+00:00","author":{"@id":"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f"},"breadcrumb":{"@id":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#primaryimage","url":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10.png","contentUrl":"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2009\/11\/kingcosfhclosed2009-10.png","width":"902","height":"614"},{"@type":"BreadcrumbList","@id":"https:\/\/seattlebubble.com\/blog\/2009\/11\/05\/nwmls-fake-expiration-of-wasteful-tax-credit-boosts-october-sales\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seattlebubble.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NWMLS: Fake Expiration of Wasteful Tax Credit Boosts October Sales"}]},{"@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. 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