Seattle Bubble

Foreclosures in the Seattle area were up 41% year-over-year, according to a report from RealtyTrac.
Seattle-area foreclosures continued to rise in July, according to a new report.
The area, defined as King and Snohomish counties, had 1,030 properties with foreclosure filings, up 41 percent from a year earlier and 13 percent from June, according to a Thursday [...]

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Lots of local real estate news hitting today.
Here’s another short one: Moda Condos in Belltown goes rental.
When Moda Condominiums started accepting reservations in September 2006, prospective buyers lined up hours early and quickly locked up all 251 units.
Now, with the Belltown building two months from completion, Moda’s developers have changed it to rental apartments.
“The market [...]

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Even when we have direct access to the hard facts of the local real estate market, it’s still fun to see what kind of spin the local papers put into their report of the data. So, it is time yet again to continue our monthly tradition of rounding up all the local “mainstream” articles [...]

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Rain City Guide, Seattle Real Estate Professionals, and Seattle Bubble all get mentions in Aubrey Cohen’s latest piece for the P-I: Debate over real estate goes online
Real estate agent John “Mack” McCoy wasn’t expecting an argument when he started blogging about housing and commenting on other posts and news stories online.
“I started out thinking that [...]

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This month’s theme is “let’s scare fence-sitters by telling them that rising interest rates will eliminate any savings from falling home prices.” Let’s see how well our local papers do at driving this point home.
Read on for the this month’s roundup…

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Aubrey Cohen reports on some interesting population growth data just released by the state Office of Financial Management.
…difficulty selling homes elsewhere has slowed population growth here over the past year, according to new estimates from the state Office of Financial Management.
Seattle and King County grew 1.1 percent and 1.2 percent, respectively, between April 1, 2007, [...]

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