As the expiration date on the first-time homebuyer $8,000 tax credit nears, talk is stirring about renewing and expanding the scheme. Here’s a brief rundown of some of the varying related pieces I’ve been following from around the web. First up, we’ve got the National Ass. of Realtors pushing hard on their members to “Write…
Category: News
News, current events, etc.
How Many More Washington Banks Will Fail?
Interesting follow-up to Friday’s failure of Venture Bank via the Tacoma News Tribune: Some banks in state risk failure The best news to derive from Friday’s announced failure and sale of DuPont-based Venture Bank came in the form of a report from a Seattle TV and radio station. But the news – that no other…
Weekly Twitter Digest for 2009-09-12
Chart posted with this NYT story shows Seattle #1 in past-due construction loans. Yikes! http://digg.com/u1C7Ut # Via Fortune: WaMu: The forgotten bank failure – http://digg.com/u1CCmO I don't think people in Seattle have forgotten it yet… # RT @jillayne: FHA default rates. One bank is as high as 48%. Seattle? http://bit.ly/1aW1jN # Former WaMu HQ to…
Seattle is #1… In Delinquent Construction Loans
I posted about this earlier this week on the official Seattle Bubble Twitter account, but I thought it would be worth a post of its own. Via The New York Times: Construction Loans Falter, a Bad Omen for Banks Even as the economy may be starting to recover, banks across the country are confronting a…
August Reporting Roundup: Recovery Party Time!
Thanks to PAX and the holiday weekend, our regular schedule is all messed up. So here’s the reporting roundup a couple days late. First up, an excerpt from the NWMLS press release: Northwest MLS brokers report brisk activity, multiple offers, "irrational delays" by lenders Pending sales around Western Washington during August jumped nearly 21 percent…