An addictive easy way to shop for homes
Some background: From late summer through October 2009, Uncle Sam offered first-time buyers $8,000 if they bought a home by the end of November. As a country we “brought sales forward” – we convinced people who would otherwise have bought in December or January to buy in November. When the November numbers were released, the National Association of Realtors and...
Tim Ellis is the founder of SeattleBubble.com, Seattle’s premier bubble blog. It’s the place to go for serious market discussions. A typical post will pick up 50+ comments, which is virtually unheard of on blogs that don’t allow anonymous posters. I’ve interacted with “the_tim” over the last couple of years on Rain City Guide and at Seattle Bubble and met...
I’m no prognosticator, but I do like reading others’ predictions. Seattle Bubble has a nice chart comparing the amount of upwards price movement during the boom against the amount of downward price movement in the recent, ehem, “soft” market. The takeaway: This snapshot does appear to support the assertion that there is a good correlation between boom and busts cycles...