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More on the Possible Mastro Bankruptcy
Kristen Grind over at the Puget Sound Business Journal had another great article about the unfolding mess with local developer Mike Mastro: Rival banks battle over Mastro bankruptcy A legal battle between rival creditor banks over developer Michael Mastro Sr.’s real estate holdings is breaking out in federal bankruptcy court — a dispute that affects…
Improvement in Seattle Home Prices vs. Economic Fundamentals
Here’s an update to the area-wide price-to-income and price-to-rent ratio charts we first posted back in April. These charts are based on per capita income, “Median Contract Rent” (from 2005 adjusted using the “rent of primary residence” component of the CPI), and Case-Shiller home prices indexed to the county-wide median. They are not intended to…
Legislation-Induced Foreclosure Spike Begins to Wane
Time for our June update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2009 King: 1,248 NTS, up 71% YOY Snohomish: 620 NTS, up 75% YOY Pierce: 803 NTS, up 48% YOY The effect of the new state law that was passed in April (Senate…
Seattle Real Estate Reporting: There Can Be Only One
When I started Seattle Bubble just over four years ago in August 2005, there were many sources for local real estate news—The Seattle Times, The Seattle P-I, Rain City Guide, etc… I started this site not due to a lack of news sources, but due to what I felt was a lack of consumer-oriented local…