The Washington Center for Real Estate Research at Washington State University recently released a study on housing affordability across our State, and the results were decidedly unsurprising. The Tacoma News-Tribune reports on the study in the classic “good news / bad news” style: Pierce County scored 104 on WSU’s Housing Affordability Index, where 100 is…
Category: News
News, current events, etc.
Seattle-Based WaMu Shrinks As Housing Cools
Although cooling in the housing market may not have reached Seattle just yet, some of its effects are being felt here: Responding to the cooling housing market, Washington Mutual Inc., the largest U.S. savings and loan, said on Wednesday that it was laying off 2,500 support employees in its mortgage unit. The Seattle, Washington-based company…
Follow-Up: State RE Spending Passes House
A few weeks ago, you may recall, a bill was being proposed in the state legislator to spend away much of the state revenue gained thanks to the real estate boom. Yesterday that bill passed the House. OLYMPIA — The House approved a $100 million expansion of the state’s housing program Saturday. The proposal would…
Housing Vs. Wages In Snohomish County
Here’s an article that goes into some detail on the subject of how much faster than wages housing prices have been rising, specifically in Snohomish County. The rapid rate of increase the last two years has raised eyebrows in the industry, Hokanson said. “Any time we get into double digits, we’re a little bit concerned.”…
Zillow-rific… Or Something
Yeah I know, I’m way behind the curve on this one (that’s what I get for starting a new job), but it doesn’t really directly relate to a bubble, other than perhaps being an interesting way to watch things go down. Anyway, as you surely know by now, the much-hyped, formerly super-mysterious, Zillow.com is now…