Lesson of the housing bubble: If you pay your mortgage or pay rent, you are a chump. http://is.gd/b2oz9 # PSBJ: "WaMu shareholders wiped out" http://is.gd/b2x9h # 2,600-acre property that developer wanted to turn into 6,000 homes north of Monroe is in foreclosure. http://is.gd/b2xoN # Are fancy "professional credentials" likely to make you pick a full-cost…
Category: News
News, current events, etc.
Open House Traffic is Serious Business.
Posted a few hours ago on the Seattle Times: Realtors hold a special open-house weekend April 10-11 Anybody care to explain: A) Why REALTORS™ still get free advertising like this from local newspapers, even after years of crap like this (pdf “fact sheet” from 2006)? B) What the heck is that photo supposed to have…
New Data Conclusively Proves April 2010 Is The Bottom
Just-released data on open house traffic, phone calls placed to realtors, and casual searches at online listing sites, all point to a single, undeniable conclusion: April 2010 is the bottom of Seattle’s minor real estate adjustment. Look at this highly reliable chart of OPEN HOUSE TRAFFIC©®™ sent to me by a trustworthy leading industry representative:…
Foreclosures: Better to let them happen
Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of…
Weekly Twitter Digest (Link Roundup) for 2010-03-27
Great comment by @jillayne: "We have to wean our economy off the real estate finance and building sectors." http://is.gd/aTicA # RT @KirstenGrind: Things get worse for #Frontier Financial: http://bit.ly/c7y0yt # Seattle: 47th-most expensive rentals in the nation, but 20th-most expensive houses for sale. Doubt that will last. http://is.gd/aURmx # SHOCKING! (not) RT @calculatedrisk: HAMP applicants…