Hat tip to Ray Pepper for pointing out Dori Monson’s radio segments yesterday and today on walking away from one’s mortgage. Here are the audio segments (the first is about seven minutes long, the second about 10 minutes): https://seattlebubble.com/blog/wp-content/uploads/2011/06/Dori_Monson_Show_Walk-Away_20110615_1pm.mp3 https://seattlebubble.com/blog/wp-content/uploads/2011/06/Dori_Monson_Show_Walk-Away_20110616_12pm.mp3 It’s interesting to note that in the second segment, Dori’s guest was Howard Bono, the…
Drop in Foreclosures Extends Another Month
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at May’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: May 2011 King: 834 NTS, down 24% YOY Snohomish: 522 NTS, down 12% YOY Pierce: 541 NTS, down 27% YOY Foreclosure…
Exploring the Median-Priced Home at the Peak & Today
I thought it might be interesting to take a little look around the market today by comparing some of what’s out there with the peak median-priced home. As you know if you’ve been following along since 2007, King County’s single-family median sale price peaked at $481,000 in July 2007. After doing a bit of digging…
Reader Story: The Demand is There, But the Supply Isn’t
Let’s reach into the Seattle Bubble mailbag for today’s post. Today’s email is from a reader that has been shopping for “investment” property on the Eastside. Just thought I’d give you a heads up on a buying experience in Bellevue. I’ve been looking for an investment property for a while, finding nothing but garbage and…
Another Reminder that “Pending Sales” are Near-Useless
Here’s a visual I intended to whip up last week but ran out of time for. I noticed in the pending sales chart that 2011’s pending sales were trending fairly closely with the pre-bubble trend from 2000-2002, but when I looked over to the closed sales chart, the lines where nowhere near each other. I…