It would be a bit of a stretch to try to relate this directly to a housing bubble, but I found it amusing enough to at least warrant a mention here. It’s a story about a subdivision that was intelligently placed directly underneath a high powered radio antenna. Sumner homeowners living close to a radio…
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Northwest Economist: "Slow Deflation" Coming
Tom Cox, a “prominent Northwest economist” and host of the PBS program “Serious Money,” gives the Northwest a “mostly sunny” economic forecast, but with a notable exception regarding housing: The Northwest will continue to see an influx of people, particularly from California, seeking the region’s relatively well-paid jobs. But don’t expect a steady flow of…
State RE Spending Proposed
An answer is shaping up to the question of what is going to happen to all the extra revenue that the state has been raking in thanks to the real estate boom/bubble. If Representative Larry Springer has his way, a big chunk of the (presumably) continuing flow of cash from real estate taxes will be…
Stale Listings Increasingly Cancelled/Relisted?
An anonymous reader sent me the following email: I have to stay anonymous with this. I just got an e-mail from an appraiser that sends in good information to me from time to time. It appears that agents are doing this old trick to manipulate exposure for their listings that are languishing. This means that…
Seattle Not Historically Immune To Price Drops
Here’s a blast from the past, courtesy of Tim from Snohomish Co. Real Estate. Source: Seattle Times. Dateline: January 10, 1991. Headline: Falling Home Prices Hit Eastside Hardest: Home prices on the Eastside have slid 12 percent since last summer and are expected to fall that much more before heading back up. The drop from…