Can Banks Seek Deficiency Judgment in Washington State?

Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over […]

Déjà Vu‎: Mortgage Interest Rates Panic

Looks like it’s that time again… Recent headlines have described an increase in mortgage interest rates from 3.35% to 4.0% with hyperbole like “Mortgage Rates Soar,” and “Soaring U.S. Mortgage Rates.” If this sounds familiar it’s because we heard the same nonsense when rates moved from 5.0% to 5.3% in 2010. These types of articles […]

Rising Homeownership May Lead to Rising Unemployment

There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion […]

MLS-Powered Search Sites Hold Major Advantage Over Zillow & Trulia

Full disclosure: The Tim is employed by Redfin. Earlier this month, Redfin released the results of an in-depth study of real estate listing accuracy across various websites, including Redfin, Windermere, Zillow, and Trulia. The results will not surprise anyone who has attempted to do any serious home searching on these sites, but I still wanted […]

Are Obama & Romney Avoiding Housing to Avoid Talking About Killing the Mortgage Interest Deduction?

There is one major political topic that has been mysteriously absent from both major presidential campaigns during this year’s presidential election season… housing. Nick Timiraos noted this in the Wall Street Journal in early September. Here we are in late October, four debates later, and nothing has really changed. Barely a peep about housing from […]

Will Higher Interest Rates Kill the Housing Market?

Here’s a sampling of quotes from news articles about mortgage interest rates. “…a new reality: The economy has made the transition from tentative to robust recovery, and the period of historically low interest rates is ending.” “In the residential market, the belief that the period of historically low interest rates may end has begun to […]

Here Comes the Gas Prices Discussion Again

I’ve been seeing more and more stories popping up all over various news outlets about high gas prices lately. Most have been about how the issue will effect the November presidential election, but it’s only a matter of time before the conversation moves to real estate again. Rather than re-writing all of my thoughts on […]