Over the weekend, the Seattle Times published an article titled Bad real-estate loans stack up for smaller local banks, about the exposure local banks have to real estate loans. The gist of the article was that many local banks, squeezed out of the mortgage business by the likes of WaMu and Countrywide, had doubled down…
Month: April 2008
The most valuable real estate is that of the mind: bloggers are having an impact.
Note: Once again, if you are looking for data and graphs, this post is not for you. So much could be said about this issue. One of the most fascinating developments to see unfold and the one theme I keep coming back to is how powerful blogging has been in shaping the mind-set of the…
Poll: How old are you?
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Puget Sound Counties March NWMLS Update
Here’s an update to the NWMLS statistics for all six Puget Sound counties. I don’t personally want to live in King County, and maybe you don’t either. So, here’s a little graphical look at what the market looks like around the sound. Here’s where the YOY stats stand for each of the six counties as…
More Bad News for WaMu
How about a few more WaMu updates. The (bad) news seems to keep coming for the Seattle-based bank. First up, a look back at how WaMu got itself into this mess, courtesy of the Seattle Times: Where WaMu went wrong. This article has its own thread in the forums, so be sure to check that…