By S-Crow on September 30, 2008
First, something to lighten the spirits of everyone: Tales of homeownership: If you are on a septic system, don’t drive over a waste line with a 10 ton truck loaded with gravel. I did and just learned that PVC waste lines will indeed pancake. The result is rather disgusting. – SCrow No one is lending [...]
Posted in Opinion | Tagged Legacy Escrow Service, mortgages, short sales
By The Tim on September 30, 2008
The P-I ran an interesting little article by Aubrey Cohen today: Turmoil rattles local real estate market The recent nationwide economic turmoil appears to have intensified already prevalent skittishness among buyers and lenders — and helped persuade sellers to get real. … The turmoil has increased the fear of buying now, only to see prices [...]
Posted in News | Tagged Cohen, Moody's, predictions, Seattle_PI
By The Tim on September 30, 2008
According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 1.0% June to July. Down 8.2% YOY. Last year prices rose 0.20% from June to July, and year-over-year prices were up 6.9%. Here’s the usual graph, with L.A. & San Diego offset from [...]
Posted in Statistics | Tagged behind the cycle, California, Case-Shiller, graphs, Statistics
By The Tim on September 29, 2008
Incredible. Even with voter feedback at 100 to 1 against (source), 141 Democrats and 65 Republicans still voted for the bailout. The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it. The next steps were not immediately clear but supporters were scrambling to put [...]
Posted in News | Tagged bailout, government_meddling
By The Tim on September 28, 2008
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 10.04.2008.
Posted in Polls | Tagged bailout, government_meddling, politics, Polls
By The Tim on September 26, 2008
From today’s Seattle Times: Feds seize WaMu in nation’s largest bank failure WaMu’s 43,200 employees won’t feel any immediate impact, though it’s likely JPMorgan will drastically shrink the thrift’s headquarters staff. More than 3,500 people work at WaMu’s 42-story headquarters at Second Avenue and Union Street, along with 800 people elsewhere in Seattle and 1,500 [...]
Posted in News | Tagged banks, FDIC, Local Economy, Seattle_is_special, WaMu
