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Weekly Twitter Digest (Link Roundup) for 2010-05-01
Another housing shortage is right around the corner… or not. http://is.gd/bIFUf # Commercial real estate is "still a significant drag on the [Seattle] economy" http://is.gd/bIHpj via @JonTalton # Luxury homes not selling well in the South Sound http://is.gd/bIHu7 # RT @KirstenGrind: Shares of #Frontier Financial skyrocket Monday, possibly because of traders betting it might fail:…
Shifty LLC + Shoddly Construction = 82 Owners Up a Creek
A reader emailed me a few weeks ago with a very interesting story, but I was unable to take the time to write up a properly-researched post. Mish has picked up the slack, and has the scoop on the likely mass default of the entire 82-unit Riverwalk condo complex in Redmond. It turns out the…
Real Estate Heat Index Fell Across Puget Sound in Q1
The latest issue of Sound Housing Quarterly has been published (Q1 2010). Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble. Here are a couple of highlights from the first quarter issue. The Real Estate Heat Index (a proprietary index I created that uses supply, demand, and home prices to calculate the general…
Case-Shiller Tiers: Low Tier Dropping Like a Rock
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…