Real Estate analyst Glenn Crellin’s love of crunching numbers began back in the 1960s when he was on the debate team in high school. He’s always been more of a behind the scenes man, letting others do the talking while he compiled the data; now over 5 decades later, Crellin has become one for the top authorities in the Northwest’s Residential Real Estate scene. Crellin is regularly asked for his opinion on the news, or asked to compile it himself. Crellin, who created the Housing Affordability Index decades ago, has brought to our attention that Homes in King County are now more affordable than they’ve been in years.
In the past, his outlook on the market has been anything but optimistic, which has been ironic given his research is funded by fees collected by brokers, (who’d obviously benefit from an upbeat prediction). But Crellin just reports honestly, and according to the Seattle Times, says he hasn’t gotten any gruff from the industry. He’s been researching from Pullman for nearly 20 years at Washington State University, and now that the center has joined forces with the Runstad Center for Real Estate at UW, he’s relocated back to Seattle. His current forecast predicts home prices will continue to decrease over the next few months as banks work on aiding the endless properties in distress. His numbers are finally in our favor for the time being; please find an extended synopsis, on Glenn Crellin here.