Is this the first sign that downtown Bellevue has reached its condo saturation point? Seattle Times: Bellevue condo project, European Tower, put on hold The housing slowdown has claimed another local high-rise, high-end condo project. The developer of 16-story European Tower, a downtown Bellevue project whose design features just one unit on each floor, said…
Month: May 2008
Revisiting the Distressed Sellers Index
I have now been tracking the Distressed Sellers Index for a full year, and since I haven’t mentioned it on here since way back in October, I thought it now would be a good time for another update. Please keep in mind that I do not claim the DSI to be in any way scientific…
Seattle Bubble Fundraising Drive: Day 3
Well, after two days of the fundraising drive, we’re over 19% toward the $2,500 goal. I’d like to extend a big thank you to the 22 donors so far. I greatly appreciate your generosity. The level of contributions is more or less in line with any similarly sized drive, as far as I can tell,…
San Diego County Now Cheaper than King
I thought it would be fun to check back in with an update on the San Diego / King County home price comparison I made back in March. As of the latest Case-Shiller data (February) home prices San Diego have fallen 24% from their November 2006 peak. The Seattle area has dropped 6.5% from its…
WaMu Cuts Home Equity Credit + More Financing News
The Puget Sound Business Journal reported Friday on some more news from WaMu that is likely to affect local homeowners. Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market. If they haven’t already been notified,…