Interesting follow-up to Friday’s failure of Venture Bank via the Tacoma News Tribune: Some banks in state risk failure The best news to derive from Friday’s announced failure and sale of DuPont-based Venture Bank came in the form of a report from a Seattle TV and radio station. But the news – that no other…
Geographic Sales Shifts: South County Gains Back Some Ground
Let’s check in on an update of how the sales volume is breaking down among the different price tier regions around the county. For a more in-depth explanation of the process and reasoning behind this data, hit this post. As of August, this is where the median prices were for our regions: low end (South…
Poll: Which catastrophe will hit the Seattle area first?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 09.19.2009.
Weekly Twitter Digest for 2009-09-12
Chart posted with this NYT story shows Seattle #1 in past-due construction loans. Yikes! http://digg.com/u1C7Ut # Via Fortune: WaMu: The forgotten bank failure – http://digg.com/u1CCmO I don't think people in Seattle have forgotten it yet… # RT @jillayne: FHA default rates. One bank is as high as 48%. Seattle? http://bit.ly/1aW1jN # Former WaMu HQ to…
Seattle is #1… In Delinquent Construction Loans
I posted about this earlier this week on the official Seattle Bubble Twitter account, but I thought it would be worth a post of its own. Via The New York Times: Construction Loans Falter, a Bad Omen for Banks Even as the economy may be starting to recover, banks across the country are confronting a…