An anonymous reader pointed out the following blurb in an MSN Money “Home Price Report.” Real estate in the Pacific Northwest is still being pumped up by fleeing Californians. Californians (retiring baby boomers in particular) see that their homes have reached record prices and they’ve been selling. They are flooding into neighboring states with pockets…
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Seattle’s Housing Barometer: Bubble
To find this story, I went from a post on the P-I RE Professionals blog, to an Inman blog post, to a Google News search, where I finally located a substantial story. I’ll admit that I’ve never heard of John Burns Real Estate Consulting, and considering the relative lack of coverage of their most recent…
CNBC : Online housing searches indicate bounce
CNBC’s Jane Wells is reporting that Internet data miners indicate the online search queries for “homes for sale” is up 42%, suggesting that the housing market is poised to pick up. The reader who e-mailed me this article suggests maybe that the opposite is true. People are searching to see what homes are listed for…
Local Media "Starting to Notice Cooling"
Thanks to reader Peckhammer for pointing out an apparently self-contradictory article in today’s Seattle P-I. It begins quite predictably, with the usual examples that purport to show that the Seattle market is still hot, hot, hot… House hunter Vicky Tsai has paid for two inspections of homes she didn’t buy: one that she lost out…
Lender Tightening within 60 days?
From today’s information at Calculated Risk Blog. It appears that federal regulation regarding non-traditional mortgages may be in place within 60 days. If this ends up having any teeth at all, it could make it more challenging for borrowers to qualify for interest-only loans or pay-option loans. As one blogger responded: “talk about rearranging the…