CNN Money asks: Is a housing shortage coming? (Short answer: No.) As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way. The nation is simply not building enough homes to keep up with potential demand. Just…
Category: News
News, current events, etc.
Weekly Twitter Digest (Link Roundup) for 2010-06-12
2 months may not enough time for last-minute homebuyers to close and claim their free government handout. http://is.gd/cKzfh # Another Washington State bank failure: Washington First International Bank in Seattle http://is.gd/cM9xZ # Seattle City Council to wave its magic wand & eliminate vacant lots where development has stalled around the city. http://is.gd/cM9Gp # .@JonTalton ponders…
Welcome KOMO 1000 Listeners
I had a brief live appearance on KOMO 1000 Newsradio this afternoon to discuss where home prices around Seattle might be headed in the next year or two. Here’s the audio: https://seattlebubble.com/blog/wp-content/uploads/2010/06/KOMO-1000_2010-06-09.mp3 If you’re visiting for the first time after hearing the interview, here’s the post I mentioned on the air: Goldman: Seattle Home Prices…
Goldman: Seattle Home Prices to Fall 22% More by 2012
I came across an interesting home price forecast for the next two years from Goldman Sachs (via Zero Hedge): Following their earlier collapse, house prices appear caught in a cross current. On the one hand, there are indications that prices may have bottomed. While alternative house price indices differ in details, they generally show that…
May Reporting Roundup: Imaginary Market Stability Edition
Time for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). Before we take a look at this month’s spin from the NWMLS, let’s have a quick refresher…