Here’s a brief article from the Wall Street Journal that might be of interest: Weathering the Rain, And the Property Storm The troubles facing most Seattle-area landlords are more like a Puget Sound drizzle than the stormy skies swirling around markets such as Phoenix or Orange County, Calif. Certainly the economic turmoil buffeting the nation’s…
Year: 2008
Job Growth Turning to Losses, Rents Holding Steady
Here’s a pair of interesting articles from the Puget Sound Business Journal this weekend. Puget Sound job growth slowing to trickle The [Puget Sound] Economic Forecaster, published for the last 15 years and used by companies and governments across the region, is predicting the four-county region will add just 5,900 jobs in the third quarter…
Poll: Investment Bank Blowups / Financial Market Meltdown
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Seattle-Area Foreclosures Rising Rapidly
Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to…
Open WaMu Thread
Here’s a piece from Bloomberg News yesterday on WaMu’s troubles: Rule hobbling suitors batters WaMu stock Shares of Washington Mutual fell 29.7 percent to a nearly 18-year low Wednesday on concern a new accounting rule could hinder attempts to find a buyer. WaMu stock dove 98 cents to $2.32, the lowest close since November 1990….