Here’s a little sample of the kind of real estate booster piece that gets circulated among those "in the business," courtesy of NWREporter. (Emphasis theirs) According to CNNMoney.com, the forecasts for housing price growth are calling for booming values in the state of Washington. For the June issue of MONEY Magazine, Fiserv Lending Solutions and…
Category: Local
Local News
State’s Chief Economist Warns Of Slowdown
Despite the fact that wages have basically been stagnant while daily expenses such as gasoline have been, shall we say, upwardly mobile, the state continues to rake in record revenue. Chang Mook Sohn, the state’s chief economist, said today that his outlook for tax collections for the 2007-09 biennium shows ever increasing revenues that lawmakers…
Real Estate Party In Washington!
A number of readers pointed out the latest series of rah, rah, real estate stories from Money Magazine that sing the praises of real estate in Washington State. The gist of the articles is that while the slowdown in real estate is undeniable in most of the country, the crystal ball predicts that a number…
Typical Seattle Story
Thanks to reader Dukes for pointing me toward this story. When CNN wanted a typical story about a young couple getting in over their heads with ARMs and HELOCs, where did they turn? Seattle, of course. Shortly after they were married, Aaron and Lacey Blank, now 25 and 27, wanted just what you’d expect: to…
"Home Prices To Climb Substantially"
Here’s another gem from Ms. Rhodes of the Times: Q: We bought our house in 1996 for the same price as the sellers who bought it in 1990. We’d like to buy another house, but are hesitating for fear we’re about to enter another zero-appreciation cycle. Are conditions right for that to happen? A: Let’s…