Bloomberg: JPMorgan Buys WaMu’s Deposits as Thrift Is Seized JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to pay $1.9 billion for the deposits of Washington Mutual Inc. after the thrift was seized by regulators in the biggest bank failure in U.S. history. The U.S. government closed Seattle-based Washington Mutual amid…
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.
Latest Dangerous Bailout Possibly Stoppable
Here’s an update on the latest ridiculous, expensive, and dangerous bailout that’s been floating around D.C. the past week. Here’s a decent breakdown of what exactly this bailout entails. First up, it is beginning to appear that this particular bailout may not actually be shoved through by the yes-men in congress. While the Democratic leaders…
King / San Diego Median Price Comparison Revisited
I thought since I’ve been on a road trip in California the last week or so, it would be appropriate to post a quick update on the San Diego / King County median price comparison I originally posted back in March. Here’s where King and San Diego counties stand as of August: Click to enlarge…
Puget Sound Counties August 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 August 2008: King – Price: -11.2% | Listings: +16.0% | Sales: -16.1% | MOS: 6.8 Snohomish – Price: -9.4% | Listings: +2.3% | Sales: -19.4% | MOS: 8.1 Pierce –…
August Neighborhoods Months of Supply Update
Let’s have a look at “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas here. August MOS for King County came in at 6.80 (compared to 4.92 for…