Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according 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.
Open WaMu Thread
Here’s a piece from Bloomberg News yesterday on WaMu’s troubles: Rule hobbling suitors batters WaMu stock Shares of Washington Mutual fell 29.7 percent to a nearly 18-year low Wednesday on concern a new accounting rule could hinder attempts to find a buyer. WaMu stock dove 98 cents to $2.32, the lowest close since November 1990….
August Reporting Roundup: Reality Finally Sinking In
Oh man. They let Elizabeth Rhodes take just one day off, and look what happens: Gahh! It’s right there in giant black print, above the fold on the front page! I can’t imagine the Seattle Times’ real estate advertisers feeling too great about this…
NWMLS: Double-Digit Price Drops Arrive in King County
NWMLS statistics for August have finally been released. The NWMLS press release will be posted at this link when it goes up. Here is your summary along with the usual graphs and other updates. Here’s your King County SFH summary: August 2008 Active Listings: up 16% YOY Pending Sales: down 16% YOY Median Closed Price*:…
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