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Category: News

News, current events, etc.

Mortgage Market “Seized Up”

Posted on May 28, 2009September 8, 2013 by The Tim

There’s been a lot of chatter since yesterday afternoon about treasury rates, mortgage rates, the yield curve, and so forth—and for good reason. Here’s a good write-up from Mish’s Global Economic Trend Analysis on what’s going on: Mortgage Market Locks Up Yesterday 10 year treasury yields went soaring and the mortgage market literally seized up….

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News Roundup: Time to Rent, Tax Credits, Indices…

Posted on May 28, 2009 by The Tim

Here are a few relevant news stories that have popped into my inbox in the last few days: Money Magazine: When it makes sense to rent (Seattle is #1—woo!) Seattle P-I: Tax credit down-payment plan waiting for IRS Seattle P-I: Dueling indexes: How much are Seattle-area house values down? USA Today: Condo market fights to…

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Case-Shiller: Seattle Price Drops Keep Gaining Steam

Posted on May 26, 2009May 26, 2009 by The Tim

Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to March data, Down 2.0% February to March. Down 16.4% YOY. Down 22.5% from the July 2007 peak Last year prices fell 0.9% from February to March and year-over-year prices were down 4.4%. Here’s the usual graph, with L.A. & San…

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News Roundup: Jobs, Everett Condos, Illusions…

Posted on May 22, 2009October 12, 2014 by The Tim

Here are a few relevant news stories that have popped into my inbox in the last few days: Associated Press: Wash. revenue down, but recession may be softening Seattle P-I: Housing recovery depends on jobs, banker says Associated Press: Wash. unemployment rate stayed same in April Tacoma News-Tribune: Turning little boxes into living space Everett…

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PSBJ: Local Banks Feeling the Regulatory Squeeze

Posted on May 18, 2009 by The Tim

Over at the Puget Sound Business Journal, reporter Kirsten Grind posted an interesting story today on their recently-launched BizTalk blog: Crackdown on HomeStreet Bank comes as a surprise Washington state regulators don’t seem to have much patience these days for our struggling community banks and are increasingly slapping them with cease-and-desist orders to force a…

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