Here’s an email I got from someone named Andy: I am in the process of relocating to the Seattle area from the Midwest and have been monitoring your blog in an attempt to get some insight into the local real estate scene. First, thank you for your highly interesting and informative blog. Knowledge is power…
Category: News
News, current events, etc.
Condo Projects Repartmenting, Rental Vacancy Increasing
It looks like the picture for renters may not be quite as bleak as we have been led to believe in recent articles. Turns out that new apartments are being built, and even some condo projects are becoming apartments instead. Apartments have been the poor stepchild to condominium towers over the past few years in…
WaMu: Ouch.
As the mortgage market experiences continuing turmoil, our local giant in the industry is not spared: The nationwide housing slump and collapsed mortgage markets have taken yet another toll on Washington Mutual — specifically, on its employees and shareholders. The Seattle-based thrift, one of the nation’s largest home lenders, said Monday it will: Cut 3,150…
November Reporting Roundup
I’ve got an all-day seminar thingy today, so here’s a super-condensed version of this month’s reporting roundup. I’ll probably come back this evening and add some commentary. Elizabeth Rhodes, Seattle Times: Home prices slip to ’06 level The Seattle-area housing market is in a pronounced slump, with fewer houses selling, inventories climbing and prices returning…
Mortgage Freeze Bla Bla Bla
A lot of people have emailed me and a lot of discussion has been going on in the forums and comments about the new mortgage freeze plan that is being announced today. Even Bill Virgin, one of Seattle Bubble’s favorite local editorialists has a column on the subject today: You were the careful, responsible sort…