Chart posted with this NYT story shows Seattle #1 in past-due construction loans. Yikes! http://digg.com/u1C7Ut # Via Fortune: WaMu: The forgotten bank failure – http://digg.com/u1CCmO I don't think people in Seattle have forgotten it yet… # RT @jillayne: FHA default rates. One bank is as high as 48%. Seattle? http://bit.ly/1aW1jN # Former WaMu HQ to…
Author: The Tim
Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Seattle is #1… In Delinquent Construction Loans
I posted about this earlier this week on the official Seattle Bubble Twitter account, but I thought it would be worth a post of its own. Via The New York Times: Construction Loans Falter, a Bad Omen for Banks Even as the economy may be starting to recover, banks across the country are confronting a…
Weekend Open Thread (2009-09-11)
Here is your open thread for the weekend beginning Friday September 11th, 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…
Trustee Notices on Pause Thanks to New State Law
Time for our August update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: August 2009 King: 614 NTS, up 7% YOY Snohomish: 329 NTS, up 20% YOY Pierce: 430 NTS, down 7% YOY As we predicted last month, Senate Bill 5810 seems to be resulting in…
Quick Look: August YTD Pending and Closed Sales
Here’s an idea for a new occasional feature. In “quick look,” I’ll create a few charts, all depicting different takes on the same set of data. The charts will be presented with little to no commentary, to allow the graphs to speak for themselves. This week’s theme is YTD pending and closed sales as of…