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Sign of the times

Posted on October 22, 2008October 22, 2008 by S-Crow

On my way home from coaching my soccer team yesterday evening I drove by a local credit union whose parking lot seems to be filling up not with customers per se, but with car repo’s.  If you didn’t know better, it would look like a used car dealership.  I’ve kept an eye on the lot…

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“Out here in Seattle, we were living in a bubble.”

Posted on October 21, 2008October 28, 2008 by The Tim

These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…

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Puget Sound Counties September NWMLS Update

Posted on October 21, 2008December 9, 2008 by The Tim

Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of September 2008: King – Price: -7.8% | Listings: +4.6% | Sales: +14.7% | MOS: 6.6 Snohomish – Price: -9.8% | Listings: -3.7% | Sales: -6.8% | MOS: 8.8 Pierce –…

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Double-Digit Appreciation Returning Soon to Seattle!

Posted on October 20, 2008 by The Tim

The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….

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Former WaMu Pres. Tries to Flip Mansion

Posted on October 20, 2008October 20, 2008 by The Tim

Okay, I had this story emailed or IM’d to me by about half a dozen people over the weekend, so I guess I’d better at least mention it :^) Former WaMu president lists home for nearly 2x 2005 purchase price: Stephen Rotella, who was president and chief operating officer of Washington Mutual when it failed…

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