By The Tim on December 18, 2007
The still-tightening market for financing real estate is not only taking a bite out of individuals’ ability to buy homes. It’s also starting to affect the ability of large new construction projects to get financing to even begin building. New projects like a waterfront condo complex in Everett.
The start of condominium construction on [...]
Posted in News | Tagged Benbow, Boeing, condos, construction, Everett_Herald, Financing, Microsoft
By The Tim on September 26, 2007
Here’s the latest from Aubrey Cohen over at the P-I: Mortgages harder to get for local borrowers
Lenders who previously approved mortgages to people with bad credit, no down payment and little or no documentation of income now are refusing loans if even one of those three factors is questionable. This is true even in Seattle, [...]
| Tagged Cohen, demand, Financing, lending, Seattle_PI
By S-Crow on August 29, 2007
I’m weary of hearing that the sub-prime market is or was a small portion of the pie in the Puget Sound Region. Certainly, there are many prime conventional loans that were made. But the idea that the originations of sub-prime loans being reduced or eliminated will have a less than meaningful impact is [...]
Posted in Economy | Tagged affordability, Economy, Financing, fundamentals, mortgages, S-Crow
By The Tim on August 27, 2007
Okay so this is old news to any of you that have been following the mortgage mess as it unfolds, but it’s worth bringing up again to point out the fact that Elizabeth Rhodes at the Seattle Times has finally admitted what a mess we’re in:
The evening before their home purchase was to close, Gary [...]
| Tagged Financing, King_County, lending, Rhodes, Seattle_Times
By The Tim on August 17, 2007
Warning: Mild sarcasm ahead
Look what happens when you let someone other than a seasoned real estate reporter write articles about the market. You get the frightening truth—Washington State and the Seattle area are not exempt from feeling the effects of the national lending meltdown. Go figure.
Ongoing turmoil in the subprime mortgage industry could [...]
| Tagged Financing, lending
By The Tim on August 16, 2007
Dang, my inbox has been flooded with stories lately. Here’s a recap of some of the more interesting ones related to the local housing market. Click below to read tales of rising rents, flaming hot office markets, expensive and stale listings, virtual property tours, disappearing mortgage options, booming condos, and more!
| Tagged Beeson, behind the cycle, Boone, business, CNNMoney, condos, Financing, lending, link_roundup, misc, Olympian, rent, Seattle_PI, Seattle_Times, Tacoma_Tribune, Wells
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