According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 0.2% May to June. Down 7.1% YOY. Last year prices rose 0.65% from May to June, and year-over-year prices were up 7.9%. Here’s the usual graph, with L.A. & San Diego offset from…
Month: August 2008
WAMU offering 5% CD’s & other bits
Side Commentary and thoughts: Sorry I’ve been unable to post much over the summer here and at RCG. I’ve been exceptionally busy with lots of projects and family stuff. Plus, I’m freaking out that one of my kids is going to be a Freshman in high school starting in a week or so. But, I’m…
Tens of Thousands of Subprime Loan Resets Coming to Seattle
Interesting story from Kirsten Grind over at the Puget Sound Business Journal: Experts see more subprime-loan pain ahead Another big wave of subprime mortgages will see interest rates reset to a much higher rate over the next six months in the Seattle area, an indication that the Puget Sound region might still be facing further…
Fundraising Drive: Thank You!
Thanks to the generosity of over 70 readers, the Seattle Bubble Fundraising Drive has finally come to completion, reaching the goal of raising $2,500. I just wanted to take a moment to extend a big thank you to everyone that donated. Your financial contributions allow me to continue operating this site, providing an independent alternative…
Poll: Is it ethical for a home debtor to “walk away” from a mortgage?
Please vote in this poll using the sidebar. Inspired by the ongoing discussion in the forum thread “My aunt walks away.” This poll will be active and displayed on the sidebar through 08.30.2008.