It seems to be a foregone conclusion lately that the US is currently entering recession. Of course, much like the housing market, the some aspects of the economy are local, so we can’t assume that what’s going on nationwide will necessarily hit us here. Following are a couple of articles from the last few days…
Category: Economy
Economic news, statistics, and commentary
Gregoire: Don’t buy into the self-fulfilling dire talk.
Good news everyone! Although the nation is slipping into recession, here in Washington State “our economy is strong” and the only thing that can bring us down is listening to all the “dire talk.” Well, that’s what Mrs. Gregoire would have us believe, anyway… Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted she…
Falling Lumber Prices Shutting Local Sawmills
Remember how when prices were going up, up, up, one of the reasons it was allegedly justified was “high construction costs”? See this post for a lengthy example of a local real estate professional making that argument. Well, luckily for us, it would seem that construction costs are dropping like a rock. Or, perhaps not…
Gregoire: “The economy is strong. Buy your home.”
Everybody’s pal Christine Gregoire gave a pep talk to the Washington Realtors last week in which she made some interesting comments. Gov. Chris Gregoire told about 400 Washington Realtors on Thursday that she has been working to meet goals the group has for transportation, affordable housing, education and quality of life. Gregoire, who spoke a…
WSJ: Mortgage Crisis Rivals S&L Meltdown
The Wall Street Journal has a good article today detailing the extended financial mess that has been brought on by the irresponsible enthusiasm of the now-bursting housing bubble. The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and…