Our resources tell us phones are ringing off the hook. I’m hearing rates for purchases and refi’s are anywhere from 5.25% to 5.125% at par. Earlier this year, I sent out an APB for people who are waiting for super rates. Here they are again. Let me know off-line if you would like a reference…
Category: News
News, current events, etc.
Rapid Rise in WA Bankruptcies
According to the Seattle Times, Washington State ranked 12th in the nation—up from 27th last year—for average monthly growth in bankruptcy filings between 2007 and 2008, with bankruptcy filings up 40% year-over-year. How is this related to real estate? You can probably guess… Across the state, declining home values and tighter credit have added a…
Estately Kicks RE Search Up a Notch
Locally-based real estate search site Estately kicked their technology up another notch yesterday, with the addition of past home sales information to every listing, as well as the expansion into Chicago and Long Island, New York. I’ve been consistently impressed with how much Estately founder Galen Ward has been able to do on a shoestring…
Seattle PI: Washington home sales drop more than anywhere else in the nation
Editor’s Note: I’d like to welcome new contributor Jonness to Seattle Bubble. He maintains the excellent set of tools at HousingCorrection.com and has provided an interesting analysis of housing data in his comments. – The Tim An article in the Seattle P-I indicates that our home sales slowed more than anywhere else in the nation….
Seattle Times: JPM to Cut ~70% of WaMu HQ Employees
Photo by Flickr user S x 2 According to today’s Seattle Times, JPMorgan Chase plans to cut around 70% of WaMu’s Seattle-area employees. JPMorgan is handing out layoff notices now and is expected to finish making decisions about all of WaMu’s 43,200 employees nationwide by Dec. 1. As many as 3,000 of WaMu’s 4,200 workers…