On my way home from coaching my soccer team yesterday evening I drove by a local credit union whose parking lot seems to be filling up not with customers per se, but with car repo’s. If you didn’t know better, it would look like a used car dealership. I’ve kept an eye on the lot…
Category: News
News, current events, etc.
“Out here in Seattle, we were living in a bubble.”
These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…
Double-Digit Appreciation Returning Soon to Seattle!
The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….
Former WaMu Pres. Tries to Flip Mansion
Okay, I had this story emailed or IM’d to me by about half a dozen people over the weekend, so I guess I’d better at least mention it :^) Former WaMu president lists home for nearly 2x 2005 purchase price: Stephen Rotella, who was president and chief operating officer of Washington Mutual when it failed…
Zillow Cuts 25% of Staff
First Redfin, and now Zillow: This week we are reducing our workforce by 25%. This was an incredibly painful decision for me and the leadership team, but, in the end, we concluded that we had no choice but to securely batten down the hatches as we sail into a major economic storm. The unprecedented economic…