Q13 news report on the hot home market
http://q13.trb.com/news/kcpq-homes-5130 ... cpq-news-1
No mention of rising inventory or the proliferation of risky loans in the local market - just good economy and low risk of natural disaster. That last explanation one is new, is it not? Now people are fleeing earthquake prone California and hurricane plagued Florida and heading for Seattle out of fear for personal safety!
They interviewed a Realtor named Jim Reppond, and he has a blog.
I found it amusing that his last post was on "waiving the financing contingency" in addition to waving the inspection contingency.
Interesting that just after lending standards started to tighten, he's suggesting people sign a purchase contract that requires them to buy even if the bank can't approve their loan. This guy should go on the Consumer Advocate wall of fame.
http://databasho.blogspot.com/
No mention of rising inventory or the proliferation of risky loans in the local market - just good economy and low risk of natural disaster. That last explanation one is new, is it not? Now people are fleeing earthquake prone California and hurricane plagued Florida and heading for Seattle out of fear for personal safety!
They interviewed a Realtor named Jim Reppond, and he has a blog.
I found it amusing that his last post was on "waiving the financing contingency" in addition to waving the inspection contingency.
Interesting that just after lending standards started to tighten, he's suggesting people sign a purchase contract that requires them to buy even if the bank can't approve their loan. This guy should go on the Consumer Advocate wall of fame.
http://databasho.blogspot.com/
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