I am shocked. Shocked, I tell you. "Fannie promises to keep families in homes, but instead pressures banks to foreclose" http://t.co/SmApRAr # Psst, hey @SeattleTimes – http://t.co/ZFeOMDp Allan Island has been for sale since 2004. That's not "news." http://t.co/KN62gbA # RT @calculatedrisk: LPS: Average Loan in Foreclosure Is Delinquent for Record 599 Days http://t.co/XhfmKFz #…
Have You Given Big Banks the Boot Yet?
With the slimy moves, big fees, and generally anti-customer attitude of big banks, I find myself wondering who bothers with them anymore, and why? Over in the Weekend Open Thread, Pegasus points out a story in yesterday’s New York Times: U.S. Is Set to Sue a Dozen Big Banks Over Mortgages The federal agency that…
August Stats Preview: Sudden Sales Spike Edition?
Welcome to September! Another new month, and it is time yet again to check in on our monthly stats preview for King and Snohomish counties. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional…
Case-Shiller Tiers: Low Tier Just Keeps Falling
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Case-Shiller: Spring Still Bouncing, But Weakened Further
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Up 0.7% May to June. Down 6.4% YOY. Down 28.5% from the July 2007 peak Last year prices were flat from May to June and year-over-year prices were down 1.8%. Seattle’s Case-Shiller index has risen now for…