With sales skyrocketing to a massive four percent gain over last year and median prices shooting through the roof, the housing market recovery is on, and it’s a race to report it. Let’s check in with the local news outlets to see who had the most sensational write-up this month. First up, the NWMLS press…
Category: News
News, current events, etc.
Weekend News Roundup
Lots of local real estate related news over the weekend worth mentioning. Here’s a brief roundup of the stories you might be interested in. Let’s kick things off with some good news via Aubrey Cohen at the P-I. Looks like the state’s irresponsible plan to pre-distribute $8,000 tax credit is dead in the water, thanks…
Dilbert: “I Can’t Afford My Mortgage…”
I think yesterday’s Dilbert is front-page worthy. At least for a Saturday.
Spec Builder Spectacularly Miscalculated Market
KIRO radio ran a mildly interesting piece about a spec builder in my neighborhood with especially poor timing: Local spec homes sit empty, cheap. What started as a fun project turned into a nightmare for a builder in Kenmore. Ken Youch, with Kenmar Construction, is happy to give tours of any one of the million…
Boo-Hoo: Tighter Standards Help Kill Chances of Bubble Returning
I’m starting to sense something of a theme in some recent news pieces about the housing market. Consider the following quotes from two recent articles (emphasis mine). Reuters, June 22: Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the…