Bloomberg Headline: Home Prices in 20 U.S. Cities Rise for Fourth Month Hey, cool! The housing downturn must be over if home prices rose in all twenty of the cities tracked by Case-Shiller, right? Right? …way down in the 11th paragraph of the article: Compared with the prior month, nine of the 20 areas covered…
Category: News
News, current events, etc.
Weekly Twitter Digest (Link Roundup) for 2009-11-21
Foreclosed Esplanade condos in Tacoma back on the market – http://is.gd/4UU0E # Commercial RE: Expedia Tower in downtown Bellevue sells for $168 million – http://is.gd/4X9w2 # Seattle unemployment rate now just as bad as the statewide rate: 9.3% – http://is.gd/4XmOH # Forbes: Ichiro's cuts price on home "to lure reluctant buyers." http://is.gd/4YjJI Home went pend….
Home Prices Going Back Down in 2010?
An interesting post on Calculated Risk this morning points out a few notable near-term home price predictions: Housing consultant Ivy Zelman via the New York Times: …home prices are going back down. Moody’s chief economist Mark Zandi via Bloomberg: I think we’re going to see another leg down. And Goldman Sachs chief economist Jan Hatzius:…
Stop Setting Your Money on Fire Every Month!
I’ve been hearing a few familiar clichés on the radio recently… “Tired of setting your money on fire every month?” “Stop throwing away your money renting!” Maybe you thought that the dramatic and decisive collapse of the housing bubble would have rid us of this type of nonsense marketing. Well, you thought wrong. The twist…
Weekly Twitter Digest (Link Roundup) for 2009-11-14
Steve Tytler's latest yearly prediction for the local real estate market: http://is.gd/4QwIN # Speaking of troubled local banks, the FDIC has given Evergreen Bank a one month deadline: http://is.gd/4SFzG # The Mastro looks like it's getting nasty… http://is.gd/4SFED # Seattle's Ben Huh was on Nightline last night, talking up recently-acquired Real Estate site Lovely Listing…