Seattle Bubble

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13 responses so far ↓

• 1 Oddleif // Oct 27, 2006 at 6:39 am

  More confirmation on slowing new home sales:

  http://seattlepi.nwsource.com/business/290172_economy27.html

• 2 Peckhammer // Oct 27, 2006 at 7:08 am

  Complaint accuses Zillow of misleading consumers

  Zillow.com, the real estate equivalent of e-trade, has landed in the hot seat over claims that its home-valuation tool is inaccurate.

• 3 Peckhammer // Oct 27, 2006 at 7:12 am

  Was it my imagination, or did neither of the Seattle papers run the “Home Price Drop Is Largest in 35 Years” story?

• 4 Oddleif // Oct 27, 2006 at 7:15 am

  Peckhammer:

  They ran those articles yesterday…

• 5 Oddleif // Oct 27, 2006 at 7:27 am

  Or, yesterday for me which was earlier in the week; Tues. or Wed.

• 6 Peckhammer // Oct 27, 2006 at 7:55 am

  I love this little gem:

  ” I’m a 24-year-old aspiring real estate entrepreneur from Sacramento CA. After going to few seminars I bought 8 houses in 8 months across 4 states with no money down. I fixed and sold 2 and then ran out of cash. I am now facing foreclosure on 6 5 houses. I’m learning my lessons, finding solutions and blogging about it“

• 7 Richard // Oct 27, 2006 at 8:57 am

  Ziprealty’s Seattle, WA Market Recap for September 2006 confirms another big drop in MOM sales volume.

  Seems just last month Rain City Guide was dismissing the August numbers as not indicative of a trend…

• 8 The Tim // Oct 27, 2006 at 9:03 am

  Maybe the agents were all still on vacation.

• 9 Christina // Oct 27, 2006 at 3:48 pm

  KB Home Receives Default Notice on Notes

  Still no 10-Q finance report for Builder KB Home. Check for those pennies behind the leather sofa in the lobby, KB!

• 10 Crashcadia // Oct 27, 2006 at 11:08 pm

  Wow

  Growth is actually at an annual rate of 0.9 percent, not the 1.6 percent the Commerce Department reported today.

  From Bloomberg

• 11 Eleua // Oct 28, 2006 at 12:06 am

  So, if growth is .9%, and the official inflation rate is 3%, and the inflation for those of us that eat, drive, heat our homes, and buy our homes is somewhere in the 6-8% range, just how much are we growing?

  I get a negative number, with both the gov’t inflation and the real inflation numbers.

  Is this the great economy that Mike Medved, Rush Limbaugh, & Sean Hannity are touting?

  I wonder if this is the reason that the general feeling of uneasiness about the economy doesn’t square with the “official” numbers and government sponsored finanical illusions and prevarications. (DJIA 12K, $2.20 gas, high home prices, and low unemployment)

  I’m bulking up so I don’t jeopardize my health when I lose 20 pounds laughing my ass off when the financial markets start to crater in mid-November.

• 12 Crashcadia // Oct 28, 2006 at 12:10 am

  I figure they will crater next week.

  Who in thier right mind would hold through the elections.

  Then again, who would sign up for a toxic mortgage.

  We are truely a ship of fools.

  USS Ship-o-fools

• 13 Ardell DellaLoggia // Oct 29, 2006 at 4:05 pm

  The Tim,

  I tried to answer the “was it only August” question, but there are too many in escrow waiting to close on Monday or Tuesday for me to draw any conclusions.

  Agent on vacation month of August affects September Closings. Agents back to work September affects October closings.

  I look at what is selling, by the date someone decides to buy, which is the day it goes into escrow, not the day it closes. That is more significant to me.

  For instance, Kirkland condo sales will spike in October if you look at close date. All of the Boulevard will close at once, but those closings were affected by a full year’s worth of buying decisions.

  How many of those people who bought in Februry of 06 that are closing this Tuesday, would make the same decision to purchase today?

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