Seattle Bubble

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 [...]

[Read more →]

Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market.
Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with a [...]

[Read more →]

Seattle got a little bit of attention in a recent Wall Street Journal story titled Housing Slump Starts to Hit Stronger Cities:
It’s getting harder to hide from the housing bust.
Tight credit, fragile consumer confidence and a weakening economy are slowing sales and depressing prices even in some places — such as the Pacific Northwest and [...]

[Read more →]

The Wall Street Journal has a good article today detailing the extended financial mess that has been brought on by the irresponsible enthusiasm of the now-bursting housing bubble.
The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and financial [...]

[Read more →]

A couple people pointed me to a great article in today’s Wall Street Journal on the prevalence of sub-prime lending across the country over the last few years. The article discusses the surge in such risky loans, and the fallout that is already underway and likely to continue.
The data suggest that financial suffering is [...]

[Read more →]

Got a couple of links to share this morning. Trying to clear out the backlog before May stats from the NWMLS hit either today or tomorrow.
Priced out of Seattle? King5 News recommends “shared home buying” with friends or even strangers. They also make a recommendation you don’t often see in the local [...]

[Read more →]