"Americans are still delusional about the long-term trajectory for house prices" http://is.gd/4fMeE # Peter Schiff on the Dori Monson show right now on 97.3FM # "Washington has lost almost 1 out of every 20 jobs since the state's economy began slumping early last year." http://is.gd/4joCS # Seattle P-I takes on the new NWMLS rules that…
Year: 2009
Estimating the Local Effects and Aftermath of the $8,000 Tax Credit
Organizations like the National Ass. of Realtors and the National Ass. of Home Builders have been throwing around estimates of how many sales have been “stimulated” by the $8,000 tax credit nationwide, and a recent editorial by Washington State Treasurer James McIntire in favor of the inefficient, expensive, and economically stupid program throws out a…
Weekend Open Thread (2009-10-16)
Here is your open thread for the weekend beginning Friday October 16th, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word…
Seattle-Area Foreclosures Appear to Resume Pre SB-5810 Rise
Time for our September update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2009 King: 796 NTS, up 31% YOY Snohomish: 421 NTS, up 42% YOY Pierce: 479 NTS, down 11% YOY Not surprisingly, as the newly-mandated 30-day pipeline begins to fill up, foreclosures seem…
Rent vs. Buy Comparisons: Have the excesses been removed?
Let’s try another rent vs. buy exercise to see if “all the excesses have already been removed” as some have claimed. Rather than delve into depth on a specific randomly-selected Seattle-area neighborhood, let’s instead look at what a specific type of house might cost you in multiple Seattle-area neighborhoods to rent vs. how much it…