Don’t Blame Investors For Unaffordable Housing

An article published this week in Seattle Weekly titled A Letter to the Investor Buying Our Apartment Building pinned the blame for the lack of affordable housing in the Seattle area on investors and their dirty obsession with profits. …Eve and Charles told us they were putting the property up for sale. Who could blame […]

Zillow’s “Coming Soon” Won’t be Coming to Seattle

In case you’re wondering why you aren’t seeing any of Zillow’s “Coming Soon” listings in the Seattle area (or pretty much anywhere in Western Washington, for that matter), GeekWire had a great post today on that topic: Why you won’t find Zillow’s new ‘Coming Soon’ feature in its hometown of Seattle None of these listings […]

Sleazy Kirkland Brokerage Rips Off Redfin Design & Code

Sleazy Kirkland Brokerage Rips Off Redfin Design & Code

Imitation may be the sincerest form of flattery, but straight up ripping off someone else’s hard work is… something else. The latter describes what Asset Realty Group, a sleazy Kirkland-based brokerage, is clearly guilty of. Let’s take a tour of a shameless rip off, shall we? Home Page The home pages are very similar, but […]

Shadow Inventory Gut Feelings, Rumors, & Anecdotes

A number of you took issue with my data-backed claim that foreclosures are proceeding in a normal, orderly fashion and shadow inventory is a non-issue in the Seattle area. Your main objection seems to be based on a belief that there are large numbers of homes with mortgages that the borrower has stopped paying months […]

The Guardian Needs a New Finance & Economics Editor

The Guardian Needs a New Finance & Economics Editor

Somehow I was directed this week to a recent opinion column by the Guardian’s “US finance and economics editor” Heidi Moore: Don’t be fooled by the false economic recovery Obviously, I love a good contrarian argument. Unfortunately, this piece is far from good. Take the consumer confidence numbers, which are measured every month by the […]

Foreclosures Benefit a Neighborhood, Not Hurt It

Many articles, papers, and opinion pieces have been written about the detrimental effects that foreclosures can have on a neighborhood. For example, foreclosures in your neighborhood allegedly lower home values, increase crime, and make refinancing harder for homeowners who live nearby. While these studies and stories may be technically accurate, their focus is too narrow […]

Are Obama & Romney Avoiding Housing to Avoid Talking About Killing the Mortgage Interest Deduction?

There is one major political topic that has been mysteriously absent from both major presidential campaigns during this year’s presidential election season… housing. Nick Timiraos noted this in the Wall Street Journal in early September. Here we are in late October, four debates later, and nothing has really changed. Barely a peep about housing from […]