Seattle, WA King County SFH median price: $363,850 King County SFH new construction median: $465,900 King County SFH + condo median: $335,000 March ’09 Seattle metro area unemployment rate: 8.9% San Diego, CA Central San Diego County SFH resale median: $300,000 Central San Diego County SFH new construction median: $355,000 Central San Diego County SFH…
Category: Opinion
Opinion, commentary, etc.
Today: Fed announces $750 Billion to purchase Freddie & Fannie MBS.
Opinion: Today the Fed announced a significant plan to purchase an additional $750 Billion in mortgage backed securities from agencies Freddie Mac and Fannie Mae. The proposal is hopeful in that it will stimulate the housing market and refinance business by producing exceptional mortgage rates lower than where they are today. Will this impact the…
Seattle Bubble: Hindering the Market?
Seattle Bubble scaring away buyers, sellers and refinance consumers? I’m really not convinced Marlow Harris of Coldwell Banker Bain feels that Seattle Bubble is all about fear mongering and scaring the public away from buying a home. I know she mentioned it, but I don’t believe it. Marlow and many other agents and loan officers…
In the trenches update
First, something to lighten the spirits of everyone: Tales of homeownership: If you are on a septic system, don’t drive over a waste line with a 10 ton truck loaded with gravel. I did and just learned that PVC waste lines will indeed pancake. The result is rather disgusting. – SCrow No one is lending…
What’s Your Housing Bust Strategy?
One of the topics we touched on during yesterday’s Rain City Radio conversation was when and how to catch the bottom of falling house prices. I’m not personally obsessed with catching the very bottom, but I also am not interested in buying something less than ideal that I can barely afford based solely on a…