Zillow has posted their latest quarterly home value reports. Their charts for the Seattle area include a graph of the percentage of homes sold at a loss (approaching 30%) as well as a chart showing the percentage of recent buyers with negative equity (over 50% of 2007 buyers). Interesting stuff from Zillow as usual. You…
Tag: negative equity
CEPR: Today’s Buyers to Lose Massive Equity
The Center for Economic and Policy Research has released another report on the prospects for building home equity over the next four years, and much like their April report, their conclusions are not good for current home buyers hoping to build short-term equity. Despite the collapsing housing bubble and consequent fall in house prices in…
Housing Crisis Not Over, Just Starting in Seattle
A couple people pointed out a piece in the Wall Street Journal yesterday titled The Housing Crisis Is Over. I don’t doubt that the mere fact that it was printed in the WSJ makes it gospel to some folks. I am not interested in writing a rebuttal to this piece, as that has already been…