Yesterday’s P-I had a big front-page story from Aubrey Cohen that seems to be at least partly designed to frighten renters and encourage landlords: Rent at an all-time high — if you can find a place “There are a lot of apartments available, but the desirable ones seem to rent very quickly,” said Kilbourne, a…
Category: News
News, current events, etc.
Bad Real Estate Loans Hitting Local Banks
Over the weekend, the Seattle Times published an article titled Bad real-estate loans stack up for smaller local banks, about the exposure local banks have to real estate loans. The gist of the article was that many local banks, squeezed out of the mortgage business by the likes of WaMu and Countrywide, had doubled down…
The most valuable real estate is that of the mind: bloggers are having an impact.
Note: Once again, if you are looking for data and graphs, this post is not for you. So much could be said about this issue. One of the most fascinating developments to see unfold and the one theme I keep coming back to is how powerful blogging has been in shaping the mind-set of the…
More Bad News for WaMu
How about a few more WaMu updates. The (bad) news seems to keep coming for the Seattle-based bank. First up, a look back at how WaMu got itself into this mess, courtesy of the Seattle Times: Where WaMu went wrong. This article has its own thread in the forums, so be sure to check that…
Local Foreclosures Still on the Rise
Hmm, odd. The pace of foreclosures in the Seattle area seems to still be increasing. The nationwide foreclosure surge continued in March, with the Seattle area following along at a lesser rate, according to a new report Monday. The number of properties with foreclosure filings nationwide rose 57 percent in March from a year earlier…