I thought it might be useful to visualize just how much the government is involved in the housing market. Let’s look at how much a homebuyer receives via capital gains tax excemption for home sales, mortgage interest deduction, deductability of points paid on mortgage, and first-time buyers tax credit over 5 years, 15 years, and…
Poll: The homebuyer tax credit will…
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Weekly Twitter Digest (Link Roundup) for 2009-12-12
Seattle seems to stick out a bit from its West Coast neighbors in my latest stats post over @redfinseattle http://bit.ly/5He9Zu # Is Everett on its way to becoming the next Flint, MI? http://is.gd/5g62p # 30-day deadline for Bellingham-based Horizon Bank to raise capital or be shut down. http://is.gd/5h55G # Please note the addendum to today's…
An Unprecedented Level of Openness in Government
Apparently, this is what “an unprecedented level of openness in Government” looks like: Via Kirsten Grind at the Puget Sound Business Journal. The Puget Sound Business Journal for months has asked the Office of Thrift Supervision (OTS), the federal agency that regulated Washington Mutual, to release internal communications between WaMu’s regulators. … On Wednesday, an…
Foreclosures Continue Steady Climb Around Seattle
Time for our detailed look at foreclosure activity for November in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2009 King: 783 NTS, up 45% YOY Snohomish: 387 NTS, up 76% YOY Pierce: 455 NTS, down 2% YOY Foreclosure notices bumped back up again in all three counties last…