I realized we have beat the subject to death with a pair of posts and this week’s poll, but I had to at least point out a Rhodes piece in today’s Seattle Times on the issue of gas prices and home buying patterns: Will gas prices drive homebuyers away from suburbs? The article starts off…
Category: News
News, current events, etc.
Housing Bust Slowing Population Growth
Aubrey Cohen reports on some interesting population growth data just released by the state Office of Financial Management. …difficulty selling homes elsewhere has slowed population growth here over the past year, according to new estimates from the state Office of Financial Management. Seattle and King County grew 1.1 percent and 1.2 percent, respectively, between April…
What’s Your Housing Bust Strategy?
One of the topics we touched on during yesterday’s Rain City Radio conversation was when and how to catch the bottom of falling house prices. I’m not personally obsessed with catching the very bottom, but I also am not interested in buying something less than ideal that I can barely afford based solely on a…
McMansions, Condo Conversions, Delays, & Sunny Ballard
Time again already for another inbox-clearing story roundup. First up, the Seattle City Council is apparently in a development-regulating mood lately. Not only are they tackling the ugly townhome issue, now they’re going after “megahomes” as well. After years of complaints about suburban-sized homes that devour lawns and encroach on neighbors, the Seattle City Council…
Local Banks Slammed by Housing Bust
From today’s Everett Herald: Housing slump hits local banks hard Low interest rates, the loss of the home construction boom and investor pessimism all are weighing down on bank stocks, dealing a big blow to all three of the local banks traded on Wall Street. Lynnwood’s City Bank, along with Frontier Financial and Cascade Financial…