April Reporting Roundup: “Risky Behavior” Edition

It’s back! Time for another reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Housing inventory improves, but […]

False Advertising: Home Builder Renderings vs. Reality

“Lo Ball Jones” dropped a link in the Saturday Link Roundup to a local homebuilder website that caught my attention for just how ridiculous the rendered images of their homes are. With a little help from the magic of Google Maps’ 45° view, I thought it would be fun to take a look at a […]

Terrible at Math, You Poor, Filthy Renter? YOU CAN OWN!

I spotted the ad at right on the Seattle Times homepage yesterday. It’s not as patronizing as Quadrant Homes’ old “down payment latte” ad was, but the claim of buying for just $800 a month immediately jumped out at me as unlikely. Running some quick numbers through my Simple Affordability Calculator indicates that to have […]

Small House, Big House

I thought this was amusing… From D.R. Horton: Smaller is better in some markets, May 5th: D.R. Horton’s chief executive says smaller, more affordable homes are selling well in some areas and will bring higher profits to the nation’s largest home builder. CEO Donald Tomnitz said the smaller homes were particularly popular in Seattle and […]

Quadrant Homes Cuts 20% of Workforce

From the P-I: Quadrant Homes lays off 45 workers Quadrant Homes, the Puget Sound area’s largest home builder, announced Thursday that it is cutting its work force by 20 percent in response to the slowdown of new home sales in the area. The company will lay off 45 associates from its Bellevue headquarters and field […]

Quadrant Homes to Cut 6% of Workforce

According to KING 5, Quadrant homes announced some major layoffs yesterday. The slowdown in home sales nationwide has now hit one of the largest home builders in Washington state in the form of layoffs. Quadrant Homes is cutting up to six percent of its workforce. In an e-mail to employees, Quadrant’s CEO announced a formal […]

Your down payment could cost less than your latte

I got this in the mail earlier this week, and just had to share. Houses are still cheaper than latte’s, apparently… [Addendum] I clicked through to the site that the postcard directs you to. The “bonuses” are pretty significant relative to the starting prices, it seems to me. Buyer Bonuses at Select Communities For purchases […]