Just a quick note to let the blog readers know that some Seattle Bubble regulars have put together an “unofficial” south end Seattle Bubble Sunday morning, (March 15th) at 11:00 AM at the Columbia City Bakery (4865 Rainier Avenue South). Hit the forums for more details. Unfortunately I will not be able to attend, due…
Year: 2009
Unemployment Rising Four Times Faster than Previous Recessions, Foreclosures Rising Three Times Faster
By request, here is a chart showing Notices of Trustee Sale and Unemployment. Note that the scale for each data set is different to allow their rates of change to be more easily compared. The chart above shows the monthly percentage of households receiving a Notice of Trustee Sale (on the left axis) and the…
Weekend Open Thread (2009-03-13)
Here is your open thread for the weekend beginning Friday March 13th, 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…
Foreclosures Still Rising Rapidly Around Puget Sound
Time for our February update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: February 2009 King: 838 NTS, up 99% YOY Snohomish: 414 NTS, up 100% YOY Pierce: 663 NTS, up 59% YOY Here’s a simple look at how February’s foreclosures compare to the same month…
Slow Sales Continue to Drag Down State Revenue
Dramatically slumping real estate sales across Washington State continue to drag down State revenues, adding to an already bleak budget picture. From the latest state revenue collection report (pdf): Taxable real estate activity remained weak in February. Real estate tax activity reported by the counties was 56.4 percent below their year-ago level. January receipts had…