At the rate that news stories are suddenly pouring in on the local housing downturn, you would think that the slowdown just came out of nowhere and surprised everyone. Now that the local press has finally woken up to reality about the housing market, there have been too many articles for me to cover each one with a separate full-length post.
Rather than going with a “link roundup” format, I’m going to go a different route today, and just post a bunch of really short posts all in a row. Scroll down the main page to check them all out.
In related news, the slowdown has become big enough news that even the local talk shows are discussing the topic. This morning I caught part of the “Kirby & Co.” show on AM 570, where co-host Carleen Johnson mentioned the eight homes for sale on a single street in her neighborhood, many of them for sale since late spring. 25-year-old co-host Matt Haver told of his desire to get into the housing market, but lamented that he was priced out, and was told by his father that he would be “crazy” to get into the current market.
I called in with a plug for Seattle Bubble, and commented that A) anyone could have seen this coming since home prices were bid up to ridiculous heights thanks to easy lending, and B) by this time next year, home sellers are going to be longing for the market of 2006. I wish I had been able to record it, because I think I made my points fairly well.
Anyway, scroll down for today’s local bubble news quickies.