Foreclosures in King County spiked upward significantly last month, according to the latest report. While the nation as a whole saw a notable drop in foreclosure filings last month, King County filings surged. The county had 767 filings in November, up 127 percent from October and 93 percent from November 2006, according to RealtyTrac, an…
Category: News
News, current events, etc.
The Quaint Mortgage Standards of Bedford Falls
This isn’t Seattle-specific (although I did read it in the Times), but it’s a great column that actually manages to make an insightful contrast between the movie It’s a Wonderful Life and today’s housing bubble / mortgage mess: Nowadays, it’s impossible to watch the 1946 holiday movie “It’s a Wonderful Life” and not feel a…
Everett Development Bit by Finance Fallout
The still-tightening market for financing real estate is not only taking a bite out of individuals’ ability to buy homes. It’s also starting to affect the ability of large new construction projects to get financing to even begin building. New projects like a waterfront condo complex in Everett. The start of condominium construction on the…
Weekend Local News Roundup
Here’s a roundup of some local real estate stories that came out this weekend. The Times and the P-I give Redfin some free advertising by covering their list of Seven Tactics for Selling Your Home. According to the Times, local builder Quadrant Homes (owned by Weyerhaeuser) is impervious to the housing market slowdown. From the…
Loonie-ness
Posted today over at MSNBC – sometimes viewed as a source of “news”, I found this tidbit. It looks like we’re gonna get bailed out by the Canucks! Phew As loonie surges, Canadians snap up US homes Snowbirds bring checkbooks to grab properties at deep discount CHANDLER, Ariz. – Two hours after his flight landed…