Comments on: Foreclosures Continued to Increase in October http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/ News & discussion about real estate & the housing bubble in the Seattle area. Sat, 21 Nov 2009 14:52:31 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: deejayoh http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-61083 deejayoh Sat, 15 Nov 2008 23:06:42 +0000 http://seattlebubble.com/blog/?p=3371#comment-61083 <blockquote>Price is important to look at, but you always seem to leave out supply as a factor.</blockquote> Sorry, I don't get your point. What about supply as a factor are you trying to point out?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('61083','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('61083','deejayoh','<blockquote>Price is important to look at, but you always seem to leave out supply as a factor.<\/blockquote>\r\n\r\nSorry, I don\'t get your point. What about supply as a factor are you trying to point out?',''); return false;">Quote</a></div>

Price is important to look at, but you always seem to leave out supply as a factor.

Sorry, I don’t get your point. What about supply as a factor are you trying to point out?

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]]> By: Jackson Wallace http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-61079 Jackson Wallace Sat, 15 Nov 2008 21:43:59 +0000 http://seattlebubble.com/blog/?p=3371#comment-61079 regardless of whatever these charts say, if the powers that be start accepting that we are entering a depression - Merill Lynch, Soros, UK's finance minister etc have all said that in the last week, then houses will go down to those magic price levels of the distant past, 100k in Seattle. Of course, the video game industry is doing well, cheapest way for unemployed people to waste time, tech layoffs are not yet nearly as bad as they were in the 2001, and the NW isnt in a drought and burning up like CA so we're still gonna get an inflow of refugees from the rest of the country. We shall see.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('61079','Jackson Wallace',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('61079','Jackson Wallace','regardless of whatever these charts say, if the powers that be start accepting that we are entering a depression - Merill Lynch, Soros, UK\'s finance minister etc have all said that in the last week, then houses will go down to those magic price levels of the distant past, 100k in Seattle. Of course, the video game industry is doing well, cheapest way for unemployed people to waste time, tech layoffs are not yet nearly as bad as they were in the 2001, and the NW isnt in a drought and burning up like CA so we\'re still gonna get an inflow of refugees from the rest of the country. We shall see.',''); return false;">Quote</a></div> regardless of whatever these charts say, if the powers that be start accepting that we are entering a depression – Merill Lynch, Soros, UK’s finance minister etc have all said that in the last week, then houses will go down to those magic price levels of the distant past, 100k in Seattle. Of course, the video game industry is doing well, cheapest way for unemployed people to waste time, tech layoffs are not yet nearly as bad as they were in the 2001, and the NW isnt in a drought and burning up like CA so we’re still gonna get an inflow of refugees from the rest of the country. We shall see.
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]]> By: Ira sacharoff http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-61070 Ira sacharoff Sat, 15 Nov 2008 19:44:52 +0000 http://seattlebubble.com/blog/?p=3371#comment-61070 A lot of us are influenced by who we hang out with. I know Dan from a completely different issue, and know him to be a great guy, a smart guy, and a good hearted guy. But I'm not sure about those street toughs he's hangin with.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('61070','Ira sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('61070','Ira sacharoff','A lot of us are influenced by who we hang out with. I know Dan from a completely different issue, and know him to be a great guy, a smart guy, and a good hearted guy. But I\'m not sure about those street toughs he\'s hangin with.',''); return false;">Quote</a></div> A lot of us are influenced by who we hang out with. I know Dan from a completely different issue, and know him to be a great guy, a smart guy, and a good hearted guy. But I’m not sure about those street toughs he’s hangin with.
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]]> By: TJ_98370 http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-61036 TJ_98370 Sat, 15 Nov 2008 01:52:48 +0000 http://seattlebubble.com/blog/?p=3371#comment-61036 Front page headline news about real estate was a lot different a year and a half ago……..
.

Kitsap County Home Values: What Went Up Has Now Come Down
.

If you bought a home in Kitsap County in 2006 or 2007, when prices peaked, there’s a one in three chance you owe more on your mortgage than your home is worth today.
.
That somber conclusion comes from online real-estate service Zillow.com.
.
It also says home values in Kitsap have fallen 12 percent since the spring 2007 peak, and are at 2005 levels now, for a median value of $277,724……
.

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]]> By: Joel http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-61019 Joel Fri, 14 Nov 2008 23:43:55 +0000 http://seattlebubble.com/blog/?p=3371#comment-61019 <blockquote>Price:Income and Price:Rent ratios</blockquote> Price is important to look at, but you always seem to leave out supply as a factor.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('61019','Joel',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('61019','Joel','<blockquote>Price:Income and Price:Rent ratios<\/blockquote>\r\nPrice is important to look at, but you always seem to leave out supply as a factor.',''); return false;">Quote</a></div>

Price:Income and Price:Rent ratios

Price is important to look at, but you always seem to leave out supply as a factor.

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]]> By: Sniglet http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60982 Sniglet Fri, 14 Nov 2008 19:32:06 +0000 http://seattlebubble.com/blog/?p=3371#comment-60982

Say what you will about Peter Schiff –- self-promoter, etc. – but he nailed the current crisis first, best, and most lucidly.

Really? It seems that he has been completely off-base in his view that commodities and foreign/emerging markets would be going gang-busters even while the US tanked. His predictions for a crashing US dollar haven’t worked all that well either.

Mike Shedlock, over at http://globaleconomicanalysis.blogspot.com/, has been far more accurate in his analyses. Of all the analysts I read I think the all-star award goes to Bob Prechter. He is about the ONLY person who has been calling for deflation over the last decade. Even the bears believed we were headed towards hyper-inflation and currency destruction.

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]]> By: johnnybigspenda http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60980 johnnybigspenda Fri, 14 Nov 2008 19:11:07 +0000 http://seattlebubble.com/blog/?p=3371#comment-60980 Here is a great video…. I’m sure the Tim can relate to him.

Say what you will about Peter Schiff –- self-promoter, etc. – but he nailed the current crisis first, best, and most lucidly. And, to his credit, he got out in public saying it over and over again, despite harsh skepticism sent his way. As PE Wire said this morning, this may just be the video of the year.

http://www.youtube.com/watch?v=2I0QN-FYkpw

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]]> By: deejayoh http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60977 deejayoh Fri, 14 Nov 2008 18:47:53 +0000 http://seattlebubble.com/blog/?p=3371#comment-60977 <blockquote>Ardell has called the bottom of the market over on raincityguide. </blockquote> to be fair, she called the bottom as 15% off where we are today - at the late 04/early 05 level. That's 30-33% off peak. I'm inclined to agree with her. At that point, Price:Income and Price:Rent ratios will be back in line with historical norms. Prices may over adjust a bit - but I think most of the risk will be out of the market. But of course, I am having lunch with Sniglet today - so maybe I will come back as a "super bear" :^) She has good intuition and she is much more willing to put her opinion out there than any of her counterparts. Doesn't hid behind the "unknowable"<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60977','deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60977','deejayoh','<blockquote>Ardell has called the bottom of the market over on raincityguide.\r\n<\/blockquote>\r\n\r\nto be fair, she called the bottom as 15% off where we are today - at the late 04\/early 05 level. That\'s 30-33% off peak. \r\n\r\nI\'m inclined to agree with her. At that point, Price:Income and Price:Rent ratios will be back in line with historical norms. Prices may over adjust a bit - but I think most of the risk will be out of the market.\r\n\r\nBut of course, I am having lunch with Sniglet today - so maybe I will come back as a \"super bear\" :^)\r\n\r\n\r\n\r\nShe has good intuition and she is much more willing to put her opinion out there than any of her counterparts. Doesn\'t hid behind the \"unknowable\"',''); return false;">Quote</a></div>

Ardell has called the bottom of the market over on raincityguide.

to be fair, she called the bottom as 15% off where we are today – at the late 04/early 05 level. That’s 30-33% off peak.

I’m inclined to agree with her. At that point, Price:Income and Price:Rent ratios will be back in line with historical norms. Prices may over adjust a bit – but I think most of the risk will be out of the market.

But of course, I am having lunch with Sniglet today – so maybe I will come back as a “super bear” :^)

She has good intuition and she is much more willing to put her opinion out there than any of her counterparts. Doesn’t hid behind the “unknowable”

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]]> By: obelus http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60976 obelus Fri, 14 Nov 2008 18:40:23 +0000 http://seattlebubble.com/blog/?p=3371#comment-60976 The RE I was dealing with recently implied that prices were not going down much more if at all, when I said I was going to wait a bit longer. Buy, buy, please pleasessssse buy now!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60976','obelus',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60976','obelus','The RE I was dealing with recently implied that prices were not going down much more if at all, when I said I was going to wait a bit longer.\r\n\r\nBuy, buy, please pleasessssse buy now!',''); return false;">Quote</a></div> The RE I was dealing with recently implied that prices were not going down much more if at all, when I said I was going to wait a bit longer.

Buy, buy, please pleasessssse buy now!

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]]> By: Alan http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60974 Alan Fri, 14 Nov 2008 18:19:33 +0000 http://seattlebubble.com/blog/?p=3371#comment-60974 Ardell has called the bottom of the market over on raincityguide.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60974','Alan',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60974','Alan','Ardell has called the bottom of the market over on raincityguide.',''); return false;">Quote</a></div> Ardell has called the bottom of the market over on raincityguide.
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]]> By: Captain Kirkland http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60973 Captain Kirkland Fri, 14 Nov 2008 18:05:18 +0000 http://seattlebubble.com/blog/?p=3371#comment-60973 This mess is just getting started.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60973','Captain Kirkland',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60973','Captain Kirkland','This mess is just getting started.',''); return false;">Quote</a></div> This mess is just getting started.
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]]> By: The Tim http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60972 The Tim Fri, 14 Nov 2008 17:54:59 +0000 http://seattlebubble.com/blog/?p=3371#comment-60972 patient @ 12, These are new NTSs reported each month. They are recorded with the county based on their file date, and the monthly total includes all new NTSs filed in that particular month.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60972','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60972','The Tim','patient @ 12,\r\n\r\nThese are new NTSs reported each month. They are recorded with the county based on their file date, and the monthly total includes all new NTSs filed in that particular month.',''); return false;">Quote</a></div> patient @ 12,

These are new NTSs reported each month. They are recorded with the county based on their file date, and the monthly total includes all new NTSs filed in that particular month.

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]]> By: Downtown Vancouver Realtor Mike Stewart http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60970 Downtown Vancouver Realtor Mike Stewart Fri, 14 Nov 2008 16:25:07 +0000 http://seattlebubble.com/blog/?p=3371#comment-60970 Wow! Thats a crazy graph! What percentage of these foreclosures are caused by ARMS? I am a Vancouver real estate agent and in Canada ARMS were never allowed.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60970','Downtown Vancouver Realtor Mike Stewart',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60970','Downtown Vancouver Realtor Mike Stewart','Wow! Thats a crazy graph! What percentage of these foreclosures are caused by ARMS? I am a Vancouver real estate agent and in Canada ARMS were never allowed.',''); return false;">Quote</a></div> Wow! Thats a crazy graph! What percentage of these foreclosures are caused by ARMS? I am a Vancouver real estate agent and in Canada ARMS were never allowed.
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]]> By: patient http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60963 patient Fri, 14 Nov 2008 08:01:09 +0000 http://seattlebubble.com/blog/?p=3371#comment-60963 Are these new NTSs reported per month or are they "active" NTSs as of end of month indendent on when they are issued? Could you for example sum the months and get a picture of the yearly NTS rate?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60963','patient',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60963','patient','Are these new NTSs reported per month or are they \"active\" NTSs as of end of month indendent on when they are issued? Could you for example sum the months and get a picture of the yearly NTS rate?',''); return false;">Quote</a></div> Are these new NTSs reported per month or are they “active” NTSs as of end of month indendent on when they are issued? Could you for example sum the months and get a picture of the yearly NTS rate?
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]]> By: Ray Pepper http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60957 Ray Pepper Fri, 14 Nov 2008 05:25:19 +0000 http://seattlebubble.com/blog/?p=3371#comment-60957 Everyone better go see the WOLF lodge South of Olympia before it gets closed down. Look at the PPS! GOOD LORD! 200-300 a night? In this economy? Not even my old friend can help this stock ............................http://www.rallymonkey.com/oldvideo.phpp Just built at the wrong time!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60957','Ray Pepper',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60957','Ray Pepper','Everyone better go see the WOLF lodge South of Olympia before it gets closed down. Look at the PPS! GOOD LORD! 200-300 a night? In this economy? Not even my old friend can help this stock ............................http:\/\/www.rallymonkey.com\/oldvideo.phpp \r\n\r\nJust built at the wrong time!',''); return false;">Quote</a></div> Everyone better go see the WOLF lodge South of Olympia before it gets closed down. Look at the PPS! GOOD LORD! 200-300 a night? In this economy? Not even my old friend can help this stock ……………………….http://www.rallymonkey.com/oldvideo.phpp

Just built at the wrong time!

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]]> By: Sniglet http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60955 Sniglet Fri, 14 Nov 2008 04:50:21 +0000 http://seattlebubble.com/blog/?p=3371#comment-60955

I know it would be a lot more work for you, but you really need to show a graph of the late 1970’s through 2008 to put the current foreclosure rate into perspective.

The last time we had a large number of foreclosures in this area was the late 1980’s and early 1990’s … so only going back to the year 2000 does not really tell us if the recent uptick in foreclosures is any worse than it was in other “down†real estate cycles.

The standard statistics of inventory, sales, and foreclosures are woefully inadequate in helping us get a true historical perspective of what is happening today. To really compare this downturn to past ones we would need to look at the percentage of home-owners who have no equity or exotic mortgages (e.g. option ARM, neg-am, zero down, etc). Unfortunately, I don’t think such data is available.

Nevertheless, we know that borrowing requirements NEVER got as loose as they have been in the new millenium even back in the booms of the last 40 years which makes a strong case for stating that there are higher percentage of over-extended Seattle area home-owners than at any other time in modern history.

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]]> By: jonness http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60954 jonness Fri, 14 Nov 2008 03:33:05 +0000 http://seattlebubble.com/blog/?p=3371#comment-60954 Pierce County has got to go underwater hard-core in the near future. This place had almost as much high-interest loan exposure as CA. I figure a few more months of this recession will do wonders for price affordability there. Once it goes belly-up, the rest of WA will follow. Software Engineer: I'm sorry people criticized you for using your brain in 2005. Stop doing that, and you'll fit in to the rest of the world just fine. Take criticism as a compliment, as you'll miss it if it ever goes away.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60954','jonness',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60954','jonness','Pierce County has got to go underwater hard-core in the near future. This place had almost as much high-interest loan exposure as CA. I figure a few more months of this recession will do wonders for price affordability there. Once it goes belly-up, the rest of WA will follow.\n\nSoftware Engineer: I\'m sorry people criticized you for using your brain in 2005. Stop doing that, and you\'ll fit in to the rest of the world just fine. Take criticism as a compliment, as you\'ll miss it if it ever goes away.',''); return false;">Quote</a></div> Pierce County has got to go underwater hard-core in the near future. This place had almost as much high-interest loan exposure as CA. I figure a few more months of this recession will do wonders for price affordability there. Once it goes belly-up, the rest of WA will follow.

Software Engineer: I’m sorry people criticized you for using your brain in 2005. Stop doing that, and you’ll fit in to the rest of the world just fine. Take criticism as a compliment, as you’ll miss it if it ever goes away.

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]]> By: Steve Tytler http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60953 Steve Tytler Fri, 14 Nov 2008 03:22:05 +0000 http://seattlebubble.com/blog/?p=3371#comment-60953 whoops .. my bad. That's what I get for skipping to the charts! Please delete my previous post since you already covered it. Thanks!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60953','Steve Tytler',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60953','Steve Tytler','whoops .. my bad. \r\n\r\nThat\'s what I get for skipping to the charts!\r\n\r\nPlease delete my previous post since you already covered it.\r\n\r\nThanks!',''); return false;">Quote</a></div> whoops .. my bad.

That’s what I get for skipping to the charts!

Please delete my previous post since you already covered it.

Thanks!

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]]> By: The Tim http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60952 The Tim Fri, 14 Nov 2008 03:12:31 +0000 http://seattlebubble.com/blog/?p=3371#comment-60952 Steve, as mentioned in the post above: <blockquote>For a longer-term picture of King County foreclosures back to 1979, <a href="http://seattlebubble.com/blog/2008/10/23/september-foreclosure-data-w-long-term-chart/" title="September Foreclosure Data (w/ Long-Term Chart)" rel="nofollow">refer to this post</a>.</blockquote><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60952','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60952','The Tim','Steve, as mentioned in the post above:\r\n<blockquote>For a longer-term picture of King County foreclosures back to 1979, <a href=\"http:\/\/seattlebubble.com\/blog\/2008\/10\/23\/september-foreclosure-data-w-long-term-chart\/\" title=\"September Foreclosure Data (w\/ Long-Term Chart)\" rel=\"nofollow\">refer to this post<\/a>.<\/blockquote>',''); return false;">Quote</a></div> Steve, as mentioned in the post above:

For a longer-term picture of King County foreclosures back to 1979, refer to this post.

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]]> By: Steve Tytler http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60949 Steve Tytler Fri, 14 Nov 2008 02:55:06 +0000 http://seattlebubble.com/blog/?p=3371#comment-60949 Tim, I know it would be a lot more work for you, but you really need to show a graph of the late 1970's through 2008 to put the current foreclosure rate into perspective. The last time we had a large number of foreclosures in this area was the late 1980's and early 1990's ... so only going back to the year 2000 does not really tell us if the recent uptick in foreclosures is any worse than it was in other "down" real estate cycles.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60949','Steve Tytler',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60949','Steve Tytler','Tim,\r\n\r\nI know it would be a lot more work for you, but you really need to show a graph of the late 1970\'s through 2008 to put the current foreclosure rate into perspective.\r\n\r\nThe last time we had a large number of foreclosures in this area was the late 1980\'s and early 1990\'s ... so only going back to the year 2000 does not really tell us if the recent uptick in foreclosures is any worse than it was in other \"down\" real estate cycles.',''); return false;">Quote</a></div> Tim,

I know it would be a lot more work for you, but you really need to show a graph of the late 1970’s through 2008 to put the current foreclosure rate into perspective.

The last time we had a large number of foreclosures in this area was the late 1980’s and early 1990’s … so only going back to the year 2000 does not really tell us if the recent uptick in foreclosures is any worse than it was in other “down” real estate cycles.

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]]> By: vboring http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60943 vboring Thu, 13 Nov 2008 22:04:50 +0000 http://seattlebubble.com/blog/?p=3371#comment-60943 Percentage of households in foreclosure is definitely a more intuitive way of talking about things. Foreclosures as a percentage of listings might be a better predictor of price declines, though.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60943','vboring',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60943','vboring','Percentage of households in foreclosure is definitely a more intuitive way of talking about things.\r\n\r\nForeclosures as a percentage of listings might be a better predictor of price declines, though.',''); return false;">Quote</a></div> Percentage of households in foreclosure is definitely a more intuitive way of talking about things.

Foreclosures as a percentage of listings might be a better predictor of price declines, though.

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]]> By: softwarengineer http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60942 softwarengineer Thu, 13 Nov 2008 21:33:43 +0000 http://seattlebubble.com/blog/?p=3371#comment-60942 I WAS CRITICIZED ON THIS BLOG IN 2005 FOR BEING A DR DOOM WARNING THAT FORECLOSURES WILL DRAMATICALLY WORSEN SOON Where's the apology to me, lol.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60942','softwarengineer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60942','softwarengineer','I WAS CRITICIZED ON THIS BLOG IN 2005 FOR BEING A DR DOOM WARNING THAT FORECLOSURES WILL DRAMATICALLY WORSEN SOON\r\n\r\nWhere\'s the apology to me, lol.',''); return false;">Quote</a></div> I WAS CRITICIZED ON THIS BLOG IN 2005 FOR BEING A DR DOOM WARNING THAT FORECLOSURES WILL DRAMATICALLY WORSEN SOON

Where’s the apology to me, lol.

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]]> By: The Tim http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60939 The Tim Thu, 13 Nov 2008 19:00:46 +0000 http://seattlebubble.com/blog/?p=3371#comment-60939 Consultant Ninja @ 1: Ta-da! <a href="http://seattlebubble.com/blog/wp-content/uploads/2008/11/not-households-pct_2008-10.png" rel="nofollow"><img src="http://seattlebubble.com/blog/wp-content/uploads/2008/11/not-households-pct_2008-10-tn.png" /></a> Vboring @ 2, Per RealtyTrac - All of Washington: 1 foreclosure per 631 housing units All of California: 1 foreclosure per 231 housing units Can't give you a county-to-county comparison since <a href="http://www.realtytrac.com/MapSearch/FreeSearch.aspx?a=b&StateSel=ca&accnt=137302" rel="nofollow">the RealtyTrac page for California stats</a> hasn't updated to the October data yet.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60939','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60939','The Tim','Consultant Ninja @ 1: Ta-da!\n<a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/11\/not-households-pct_2008-10.png\" rel=\"nofollow\"><img src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/11\/not-households-pct_2008-10-tn.png\" \/><\/a>\n\nVboring @ 2,\nPer RealtyTrac - \nAll of Washington: 1 foreclosure per 631 housing units\nAll of California: 1 foreclosure per 231 housing units\n\nCan\'t give you a county-to-county comparison since <a href=\"http:\/\/www.realtytrac.com\/MapSearch\/FreeSearch.aspx?a=b&StateSel=ca&accnt=137302\" rel=\"nofollow\">the RealtyTrac page for California stats<\/a> hasn\'t updated to the October data yet.',''); return false;">Quote</a></div> Consultant Ninja @ 1: Ta-da!

Vboring @ 2,
Per RealtyTrac –
All of Washington: 1 foreclosure per 631 housing units
All of California: 1 foreclosure per 231 housing units

Can’t give you a county-to-county comparison since the RealtyTrac page for California stats hasn’t updated to the October data yet.

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]]> By: vboring http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60938 vboring Thu, 13 Nov 2008 18:54:23 +0000 http://seattlebubble.com/blog/?p=3371#comment-60938 Any idea how these Households/NTS numbers stack up to our California counterpart?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60938','vboring',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60938','vboring','Any idea how these Households\/NTS numbers stack up to our California counterpart?',''); return false;">Quote</a></div> Any idea how these Households/NTS numbers stack up to our California counterpart?
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]]> By: Consultant Ninja http://seattlebubble.com/blog/2008/11/13/foreclosures-continued-to-increase-in-october/#comment-60937 Consultant Ninja Thu, 13 Nov 2008 18:47:18 +0000 http://seattlebubble.com/blog/?p=3371#comment-60937 Can you graph the foreclosure rate as a % of households in foreclosure. I know the households per foreclosure rate is an interesting metric of loading, but the differences between levels is hard to conceptualize. Moving from 2500 to 1500 is not nearly as big a deal as moving from 1500 to 500, for example.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('60937','Consultant Ninja',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('60937','Consultant Ninja','Can you graph the foreclosure rate as a % of households in foreclosure. I know the households per foreclosure rate is an interesting metric of loading, but the differences between levels is hard to conceptualize. Moving from 2500 to 1500 is not nearly as big a deal as moving from 1500 to 500, for example.',''); return false;">Quote</a></div> Can you graph the foreclosure rate as a % of households in foreclosure. I know the households per foreclosure rate is an interesting metric of loading, but the differences between levels is hard to conceptualize. Moving from 2500 to 1500 is not nearly as big a deal as moving from 1500 to 500, for example.
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