Locally-based real estate search site Estately kicked their technology up another notch yesterday, with the addition of past home sales information to every listing, as well as the expansion into Chicago and Long Island, New York. I’ve been consistently impressed with how much Estately founder Galen Ward has been able to do on a shoestring…
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 Times: JPM to Cut ~70% of WaMu HQ Employees
Photo by Flickr user S x 2 According to today’s Seattle Times, JPMorgan Chase plans to cut around 70% of WaMu’s Seattle-area employees. JPMorgan is handing out layoff notices now and is expected to finish making decisions about all of WaMu’s 43,200 employees nationwide by Dec. 1. As many as 3,000 of WaMu’s 4,200 workers…
Washington Banks Hit With More Bad Loans
Kirsten Grind had an interesting piece about local banks in the Puget Sound Business Journal last Friday: Bad loans rising at Washington banks Bad loans are up dramatically at Washington state banks, surpassing the national average and reaching levels that local banking experts say are unprecedented. … Washington banks historically have seen lower levels of…
Are Reluctant Title Insurers Hampering the Market?
I received the following in an email from a reader: In August I found a brand new townhouse in a great location that is selling at about 5 or 10% below recent comps (and 15 to 25% off of what it would have gone for at peak). I still think I am going to end…
Puget Sound Counties October NWMLS Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of October 2008: King – Price: -11.7% | Listings: +2.7% | Sales: -22.4% | MOS: 8.3 Snohomish – Price: -10.8% | Listings: -6.0% | Sales: -28.0% | MOS: 10.9 Pierce –…