I linked this up last week on the Twitter account, but the story has been getting enough chit chat online in the last few days that I figure it deserves its own post here. In news first broken by local REALTOR® Marlow Harris, the NWMLS will apparently be adding two new ways to fine their…
Category: News
News, current events, etc.
Weekly Twitter Digest (Link Roundup) for 2009-09-26
Oooh, dramatic: "Collapse still haunts former WaMu workers." http://is.gd/3vFIp # Analysts are worried that Americans aren't spending "the way they did before the crash." Personally, I'm relieved. http://is.gd/3zplN # I think the Seattle Bubble office needs this poster http://despair.com/economics.html # Recession over, or merely the eye of the hurricane? http://is.gd/3Di97 # NewsFlash: Homebuyers want to…
High End Real Estate: Seattle vs. Wisconsin
An example of a $2.5 million property in Seattle: 4-bed, 4.5-bath 2-story in Magnolia 4,440 sqft 5,029 sqft lot 2008 property tax bill: $18,286 “sweeping sound and mountain views” An example of a $2.5 million property in Wisconsin: 2-story stone lodge in Couderay 407 acres 37-acre private lake 2008 property tax bill: $14,948 8-car garage…
Weekly Twitter Digest for 2009-09-19
Thinking about doing a weekly live-streamed call-in Seattle real estate podcast. Thoughts? Software suggestions? # Wow, that's a lot of empty, anchored cargo ships: http://is.gd/3gKMA # Good thing about the "recession is over" nonsense: it makes it much less likely the misguided $8k homebuyer tax credit will be extended. # Interesting story about a Tacoma…
FHA: The New Subprime
Three facts: Nearly 7% (and rising) of FHA loans are currently in default (source). The FHA has cash reserves of less than 2 percent (and falling) of the total value of loans they guarantee (source). FHA currently makes about 23% (and rising) of all mortgages in the USA (source). Here are those first two points…