If I didn’t know better, I’d think that someone at the P-I was reading Seattle Bubble. That’s the feeling I get after reading this opinion column by Mark Trahant, titled Age-old, old-age question: Are we unique? (Links added to back up his numbers.) You’ve probably heard something like this before: “Every child is unique and…
Category: News
News, current events, etc.
Seattle’s Housing Barometer: Bubble
To find this story, I went from a post on the P-I RE Professionals blog, to an Inman blog post, to a Google News search, where I finally located a substantial story. I’ll admit that I’ve never heard of John Burns Real Estate Consulting, and considering the relative lack of coverage of their most recent…
CNBC : Online housing searches indicate bounce
CNBC’s Jane Wells is reporting that Internet data miners indicate the online search queries for “homes for sale” is up 42%, suggesting that the housing market is poised to pick up. The reader who e-mailed me this article suggests maybe that the opposite is true. People are searching to see what homes are listed for…
Local Media "Starting to Notice Cooling"
Thanks to reader Peckhammer for pointing out an apparently self-contradictory article in today’s Seattle P-I. It begins quite predictably, with the usual examples that purport to show that the Seattle market is still hot, hot, hot… House hunter Vicky Tsai has paid for two inspections of homes she didn’t buy: one that she lost out…
Lender Tightening within 60 days?
From today’s information at Calculated Risk Blog. It appears that federal regulation regarding non-traditional mortgages may be in place within 60 days. If this ends up having any teeth at all, it could make it more challenging for borrowers to qualify for interest-only loans or pay-option loans. As one blogger responded: “talk about rearranging the…