Banks continuing construction in developments foreclosed from builders – http://is.gd/7rltV # Escala, condo complex that announced higher prices as the bubble burst now dropping prices http://is.gd/7smaa (3rd story) # Glenn Kelman, Redfin CEO: "people don't trust agents" (still) (via @TechFlash) http://is.gd/7txkn # Reader asks in the Seattle Bubble forums: "Is Belltown safe TODAY?" http://is.gd/7vOyN #…
Category: News
News, current events, etc.
Reporting Roundup: Mixed Messages Around the Sound
Time for the monthly reporting roundup, where I read all the local paper rehashes of the NWMLS press release so you don’t have to. Here’s a link to this month’s NWMLS press release: Northwest MLS members report 28 percent increase in pending sales from year ago “More certainty” and “more stability” in the market contributed…
Escala Condos’ Shocking Price Strategy Timeline
April 2008: Raising Prices to Entice Buyers—wait, what? (Awesome plan, Escala!) Developer Lexas Cos. said this week that on June 5 it will raise the asking prices 3 to 7 percent for about 70 unsold units that have been on the market since last spring. Another 22 units that will be released for sale May…
Interactive Map of Washington’s Banks and Credit Unions
With the failure of American Marine Bank on Bainbridge Island becoming Washington State’s third bank failure of 2010 on Friday, I thought it would be interesting to take another look at our state’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List…
Weekly Twitter Digest (Link Roundup) for 2010-01-30
Oops, something went wrong with today's weekly Twitter roundup post that was preventing comments. It should be fixed now. # via the PSBJ: Downtown's strange new real estate map (buildings currently under construction in downtown Seattle) http://is.gd/72Id6 # Seattle Times compares seasonally-adjusted Case-Shiller national data to non-SA Seattle data. Smooth. http://is.gd/75IYy # Mish takes on…