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Weekly Twitter Digest (Link Roundup) for 2009-11-21
Foreclosed Esplanade condos in Tacoma back on the market – http://is.gd/4UU0E # Commercial RE: Expedia Tower in downtown Bellevue sells for $168 million – http://is.gd/4X9w2 # Seattle unemployment rate now just as bad as the statewide rate: 9.3% – http://is.gd/4XmOH # Forbes: Ichiro's cuts price on home "to lure reluctant buyers." http://is.gd/4YjJI Home went pend….
Home Prices Going Back Down in 2010?
An interesting post on Calculated Risk this morning points out a few notable near-term home price predictions: Housing consultant Ivy Zelman via the New York Times: …home prices are going back down. Moody’s chief economist Mark Zandi via Bloomberg: I think we’re going to see another leg down. And Goldman Sachs chief economist Jan Hatzius:…
Stop Setting Your Money on Fire Every Month!
I’ve been hearing a few familiar clichés on the radio recently… “Tired of setting your money on fire every month?” “Stop throwing away your money renting!” Maybe you thought that the dramatic and decisive collapse of the housing bubble would have rid us of this type of nonsense marketing. Well, you thought wrong. The twist…
Local Unemployment Still Over Nine Percent
October unemployment info was released by the Washington State Employment Security Department this week, so here’s a shot of the Seattle area (King/Snohomish) unemployment rate (NSA) compared to the national U3 rate: According to their data, the Seattle area has shed 66,600 jobs in the last year, while adding 42,320 people to the labor force.