By The Tim on May 22, 2008
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 Wednesday [...]
Posted in News | Tagged Bellevue, condos, developers, Financing
By The Tim on May 19, 2008
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, WaMu’s customers [...]
Posted in News | Tagged Financing, home equity, lending, mortgages, WaMu
By The Tim on May 15, 2008
My favorite personal finance blog Get Rich Slowly gave me a heads up earlier this week about an excellent radio piece that you should make the time to listen to.
It’s titled The Giant Pool of Money, and you can download the mp3 for free through the 18th of this month. They interview a handful [...]
Posted in News | Tagged Financing, mortgages, subprime
By The Tim on April 16, 2008
How about a few more WaMu updates. The (bad) news seems to keep coming for the Seattle-based bank.
First up, a look back at how WaMu got itself into this mess, courtesy of the Seattle Times: Where WaMu went wrong. This article has its own thread in the forums, so be sure to check [...]
Posted in News | Tagged banks, Financing, mortgages, WaMu
By The Tim on March 27, 2008
Over at the P-I earlier this week, Bill Virgin chimed in on the housing mess again with yet another well-reasoned column: Homes are good investments, not slot machines or ATMs.
In the great American sport of finger pointing and blame shifting, a new villain has emerged to explain the mortgage-finance crisis.
The fault, it turns out, lies [...]
Posted in Opinion | Tagged affordability, Economy, Financing, Virgin
By S-Crow on March 26, 2008
Sorry no stats or graphs from me, just in the trenches reporting.
Snohomish Co. Update:
My wife is off providing sterling service tonight in Issaquah for clients who are buying/selling a home, (yes, we do business all over) so I’ve got some free time to do a bit of blogging and research.
There are a quite a few [...]
Posted in News, Opinion | Tagged affordability, Financing, Legacy Escrow, markets
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