Got a bunch of things to share with everybody that have built up over the past week, so let’s just get right into it. First up, a couple of stories that take a look at the big picture local numbers… Aubrey Cohen, Seattle P-I: Washington sees nation’s largest drop in sales Patricia Murphy, KUOW: Bad…
Month: February 2009
Puget Sound Foreclosures Set New Records in January
Here’s your January update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2008 King: 915 NTS, up 113% YOY Snohomish: 463 NTS, up 95% YOY Pierce: 681 NTS, up 69% YOY First let’s look at the percentage of households that received a Notice of Trustee…
$15k Tax Credit On the Chopping Block
It looks like the $15,000 homebuyer tax credit may not make it into the final “stimulus” plan after all… From the AP: Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these…
Crash Comparisons: Job Losses & Dow Jones
House Speaker Nancy Pelosi recently posted an alarming chart of job losses that has been making the rounds. What jumps out to me when I look at her chart is the fact that the y-axis shows raw number of jobs rather than a percentage loss, and therefore fails to account for the increased size of…
One in Four Pending Sales Failed to Close in Q4
Now that 2008 Q4 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. In Q2, 15.9% of pending sales fell through. In Q3, it was 20.7%. Below is the updated chart including 2008 Q4. It shows quarterly King County SFH pending sales volume from…