- Interesting anecdote about a buyer backing out of a purchase at the Lumen condos downtown via @Urbnlivn http://is.gd/dWLMX #
- A bit outside of Seattle, but an interesting semi-local real estate tale about Suncadia Resort. http://is.gd/dWLQ3 #
- Greenspan: "A pause in the modest recovery feels like a quasi-recession." http://is.gd/dXvHg #
- RT @urbnlivn: Schnitzer Unloads [failed condo building] Equinox for $65 million. http://bit.ly/aHah3s #
- BusinessWeek / Moody's forecast for the Bremerton / Silverdale housing market doesn't pass the sniff test. http://is.gd/e1iJq #
- RT @jeffjreynolds: Condo Auction At Olive 8? http://is.gd/e2utS (via @urbnlivn) #
- .@AltosResearch on Inman News: Real estate market: Worse than expected? http://is.gd/e6dh9 #
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Say what???????????????????
Giddy up!!!
But what about the Goldman Sacs Call of a 20% + drop????????
http://www.king5.com/news/consumer/Washington-State-Nations-Top-Home-Value-Rebounder-100163129.html
“A pause in the modest recovery feels like a quasi-recession.”
I see he’s back to the usual b——-t. His masters must have gotten word to him that “natural causes” were going to catch up to him sooner rather than later if he kept mouthing off the way he had been.
If It’s Going In That Direction on MSM
It doesn’t matter to a majority of the MSM pundits if there’s no clear proof it’s correct, and trying to back into the direction it’s reported as correct anyway, is as scientific as agreeing with the “flatworlders”. But they don’t care.
And God Forbid we use science or math in a pragmatic neutral manner to prove the corporist MSM direction is causing the economic problems in America….LOL
After-all, the alleged extremists that defy the corporists’ MSM direction, i.e., scientists, are just over-paid Frankensteins to be ridiculed as subpar and replaced with lower waged insourced labor that invent nothing?
God forbid we invent anything and replace the globalist manufacturing tooling too. It’s much safer to the corporists to educate old technology bookworms, than encourage and mentor domestic technical inventors and leaders that think out of the book. Yankee ingenuity.
Is every other property on Redfin showing as a short sale? Seems like it. Giddy up, indeed.
RE: anonimaniac @ 4 – Only roughly 15% of the SFR listings in King County are short sales, but there are some neighborhoods where it probably approaches 100%. Also, if you’re looking at pending listings, they would dominate, because they take so long to close, or never close.
RE: ray pepper @ 1 –
and aren’t Moody’s the same clowns that said the sub prime loans were solid gold? have our memories gotten that short?
http://www.newsweek.com/2009/09/29/drop-moody-s-into-the-volcano.html
RE: brainiac @ 6 –
Yes they were….So bank on Goldman Sacs and another 20% drop…We can’t all be Bears can we..??
After seeing Nevada drop 70% in areas 40% down from Highs here in the NW seems very reasonable….But, it will take time to achieve this…
Go Moodys!
Tim, I hope you have a larger post on this Moody’s forecast. Am I about to be priced out forever?
RE: JJG @ 8 – That Moody’s “forecast” is so laughable that it’s not even worth giving the time of day.
RE: The Tim @ 9 – You could do a poll.
Which makes you think Seattle area real estate will decline further in price?
A. Moody’s issuing a positive prediction.
B. Cramer issuing a positive prediction.
C. Real estate agent ________ issuing a positive prediction.
D. Other.