More talk of ending mortgage interest tax deductions. I'm hopeful but seriously doubtful. http://t.co/c3NUawp # Good thing everyone has been freaking out about the impending rise of interest rates for the last THREE YEARS. http://t.co/eE0qFOe # Holy crap, now THIS is an awesome house: http://t.co/tyJLRxa Belgian water tower converted into home. # Claim: "Home buyers…
Category: News
News, current events, etc.
Friday Flashback: “The era of record-low rates is over.”
Heh, remember this piece from April of last year? Homebuyers scramble as mortgage rates jump The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are…
New King County Econ Blog: Housing is Risky, not Lousy
I received an email yesterday from Tom Goodwin, King County’s Chief Economist, pointing me toward a new blog that he has started to discuss economic issues in King County. The first topic: real estate. In his post, Is a Home a "Lousy" Investment? Tom takes on the recent Wall Street Journal piece A Home Is…
Weekly Twitter Digest (Link Roundup) for 2011-08-13
Claim: "Washington homes reach record affordability" http://goo.gl/yY5iU @WCRER via @RealEstatePI # Apparently homebuying demand to @Redfin hasn't been phased by the downgrade/market crash: http://goo.gl/3kEDH # $480 million sale of buildings in Denny Triangle: http://goo.gl/eQMUT via @SeattleTimes # Fannie/Freddie-owned foreclosures to be converted to rentals? http://goo.gl/ubrfU # Michael Hellickson keeps losing rulings, still without a real…
Friday Flashback: NAR Propaganda Montage
Here’s a little montage of commercials from the National Association of REALTORs® over the last few years. My favorite is the one with the family literally sitting on a fence. The last one isn’t technically a “flashback” since it’s currently airing, but the message that anyone who doesn’t buy a house must hate America and…