Our own local @mortgageporter was quoted in this AP article about the FHA raising their fees to avoid going bankrupt: http://is.gd/cN87v # Local mortgage mod recipient: "I may never recover anything from it. I'm probably just overpaying for rent." http://is.gd/cN8zT # RT @mortgageporter: @SeattleBubble Here's my 2¢ on the proposed FHA reform http://bit.ly/b4CwJa # RT…
Reader Question: Worried About Goldman’s -22% Forecast
A reader dropped me the following email and posted this question in the forum, which I thought was interesting enough to share with the whole community to get everyone’s responses. I’m recently engaged and looking to buy a home. I’ve crunched my budget inside and out, know what I can afford that isn’t over reaching….
Rethinking Home Ownership / Buyers Get Picky
I may not be able to make a substantive post today, so here are a few national stories of interest that caught my attention in the last couple days. David Wessel, Wall Street Journal: Rethinking Part of the American Dream It’s time to have a serious conversation about the American approach to home ownership and…
Redfin Gets Into the Monthly Data Game
Local internet real estate technology powerhouse and discount brokerage Redfin has taken a page from the NWMLS playbook, torn it out, shredded it, burned it, flushed it down the toilet, and written a whole new book from scratch on the subject of monthly data releases. In their first data release for the Seattle area, they…
On the Horizon: A New Bubble or a Long Flat Bottom?
CNN Money asks: Is a housing shortage coming? (Short answer: No.) As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way. The nation is simply not building enough homes to keep up with potential demand. Just…