A couple more notes on Microsoft before we get to our big year-in-review / 2009 forecast post tomorrow. First off, for those that didn’t catch it, this is worth mentioning: Microsoft forgoes South Lake Union lease Microsoft Corp. has put on hold any interest in further expanding its operations in Seattle because of the deteriorating…
Month: January 2009
December Reporting Roundup: The Blame Game Continues
Here’s what I said on December 18th: I predict that sales will be abysmal this month (worst December on record), and that the real estate mouthpieces quoted in the NWMLS press release (and subsequently in the local papers) will blame the low numbers on the weather. As if we never have inclement weather in December….
NWMLS: Sales Still in the Gutter—Blame the Weather
Let’s have a look at December market statistics from the NWMLS. Here’s the NWMLS press release: Northwest MLS members expecting "market observers" will become "market participants" Frigid temperatures and record snowfall brought home sales to a standstill for several days in December. The unusual weather, when coupled with the expected holiday slowdown, contributed to a…
Regulations “unlikely to contribute more than 17%” of home price
Some of you may recall back in February last year, when the Seattle Times ran a story about UW professor Theo Eicher’s land use regulations study, with the headline declaring “Rules add $200,000 to Seattle house price.” Here at Seattle Bubble we had serious questions about the dramatic conclusion in that study, and the methods…
Poll: Which is Most Likely to Occur in 2009?
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