In their latest issue TIME Magazine declares that in many cities, price-to-rent ratios indicate that buying a home has become a better deal than renting for the first time in years… but not yet in Seattle: Is Owning a Home Better Than Renting? “A year ago, it was a better deal to rent,” says Andres…
Category: News
News, current events, etc.
Tim on the Radio Today (for real this time)
Let’s try this again… Tune in to the Weissbach show today at 5:30 PM on AM 570 to hear me (The Tim) discuss the local real estate market with host Peter Weissbach. See Tuesday’s post for a little more info on Weissbach’s program. If you’re at a computer, you can listen online here. Update: If…
NPR: Searching for the "New Normal" in the NW Housing Market
I did a phone interview a few weeks ago with Austin Jenkins, an NPR correspondent down in Olympia, about where the local housing market and economy are heading. Here is the resulting story: The New Normal: What Will The NW Housing Market Look Like? The Northwest economy is on the verge of recovery and with…
Federal Government Shifting Focus to Rentals
Sorry, this isn’t a Seattle-specific story, but it caught my attention this weekend as it seems like a major policy shift on the national level: President shifts focus to renting, not owning The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society” and instead…
More on the Possible Mastro Bankruptcy
Kristen Grind over at the Puget Sound Business Journal had another great article about the unfolding mess with local developer Mike Mastro: Rival banks battle over Mastro bankruptcy A legal battle between rival creditor banks over developer Michael Mastro Sr.’s real estate holdings is breaking out in federal bankruptcy court — a dispute that affects…