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Category: News

News, current events, etc.

Housing ATM: We Have a Winner

Posted on February 8, 2010February 7, 2010 by The Tim

I was digging around in the Snohomish County public records and I came across this interesting property history. Original purchase price is unknown, but records indicate that the serial refinancer owned the property since at least 1976. Date Document Amount 03.01.2002 Deed of Trust $12,528 03.07.2002 Deed of Trust $82,787 06.21.2002 Deed of Trust $17,973…

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Weekly Twitter Digest (Link Roundup) for 2010-02-06

Posted on February 6, 2010February 6, 2010 by The Tim

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 #…

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Reporting Roundup: Mixed Messages Around the Sound

Posted on February 5, 2010February 6, 2010 by The Tim

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…

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Escala Condos’ Shocking Price Strategy Timeline

Posted on February 3, 2010February 3, 2010 by The Tim

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…

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Interactive Map of Washington’s Banks and Credit Unions

Posted on February 1, 2010February 1, 2010 by The Tim

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…

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