I may not be able to make a substantive post today, so here are a few national stories of interest that caught my attention in the last couple days. David Wessel, Wall Street Journal: Rethinking Part of the American Dream It’s time to have a serious conversation about the American approach to home ownership and…
Category: News
News, current events, etc.
On the Horizon: A New Bubble or a Long Flat Bottom?
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…
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…