RT @clusterstock: Housing Report That Prompted Nouriel Roubini's Huge Estiamte For Future Losses by @thestalwart http://read.bi/fVU7BI # Accrd. to Trulia & RealtyTrac, "Half of Americans Say Home Recovery at Least Two Years Away" http://bit.ly/gm7kby # Hah, nice headline: "Housing market will recover in 2011 … or not" http://bit.ly/gTg4wu via @RealEstatePI # RT @johnhcook: Looking to…
Friday Flashback: Seattle’s Housing Bubble All-Star Team
Rather than focus on just one article for today’s Friday Flashback, I thought it would be fun to highlight a montage of brief quotes from a handful of local real estate professionals. Marlow Harris on 360Digest, April 29, 2006: Housing Bubble Babble Though I concede that we could be in for a market correction or…
Cheapest Homes: December Edition
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…
11.5 Million More Foreclosures? Bring Them On!
Jon Talton over at the Seattle Times pointed me toward an interesting paper by Amherst Securities Group titled The Housing Crisis—Sizing the Problem, Proposing Solutions (pdf). Here’s their conclusion (emphasis mine): If governmental policy does not change, over 11.5 million borrowers are in danger of losing their homes (1 borrower out of every 5). Politically,…
Nov. Reporting Roundup: Pretend Pending Party Part 2
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). First up, let’s have a look at the source material from the NWMLS itself….