I thought this was somewhat interesting. You may recall the “Foreclosure Prevention Act of 2008,” about which we held a poll back in July. One of the primary aspects of the Foreclosure Prevention Act is the HOPE (Home Ownership Preservation Entity) for Homeowners program, which was intended to: …insure up to $300 billion for 30…
Category: News
News, current events, etc.
Weekend News Roundup – Rents Flattening, Development Halting
I was out of town all weekend in SF (driving back yesterday was not particularly fun, I assure you). Here’s a roundup of some of the local and notable national real estate stories that were waiting for me in my inbox upon my return this afternoon: First up, a blog post by P-I real estate…
“A continuing, steepening decline in opportunities here in Seattle”
The Institute of Real Estate Management (IREM), whose primary focus is on the “multi-family and commercial real estate sectors”, held an “economic-forecasting event” on Friday, which both a P-I reporter and Matt at Urbnlivn wrote up reports on. Here’s an excerpt from the P-I’s story: Real estate a sore point in Seattle area economy “When…
November Reporting Roundup
Let’s take some time to check out the local press’ reaction to the undeniably slow NWMLS housing market statistics for October. Once again, my favorite part of the NWMLS press release that accompanied yesterday’s numbers comes from Dick “Bottom-Calling” Beeson, NWMLS director and Windermere broker. Windermere’s Beeson, a member of the Northwest MLS board of…
“The housing market is slightly undervalued” (except in Seattle)
A recent report on the housing market across the country from Global Insight and National City contains some interesting bits that are worth noting: Extreme overvaluation is now essentially nonexistent. … For the country as a whole, the housing market is slightly undervalued. … Only the Pacific Northwest remains overvalued across a wide region. Their…