Interesting story from Kirsten Grind over at the Puget Sound Business Journal: Experts see more subprime-loan pain ahead Another big wave of subprime mortgages will see interest rates reset to a much higher rate over the next six months in the Seattle area, an indication that the Puget Sound region might still be facing further…
Fundraising Drive: Thank You!
Thanks to the generosity of over 70 readers, the Seattle Bubble Fundraising Drive has finally come to completion, reaching the goal of raising $2,500. I just wanted to take a moment to extend a big thank you to everyone that donated. Your financial contributions allow me to continue operating this site, providing an independent alternative…
Poll: Is it ethical for a home debtor to “walk away” from a mortgage?
Please vote in this poll using the sidebar. Inspired by the ongoing discussion in the forum thread “My aunt walks away.” This poll will be active and displayed on the sidebar through 08.30.2008.
Are More Pending Sales Falling Through?
I mentioned this in the comments on a recent post, but I think it’s interesting enough to merit its own post. Since we regularly track pending sales as our measure of monthly sales volume in the monthly charts, I was curious to know whether the credit crunch has caused closed sales volume to diverge from…
House Valuation Workshop
Does the drop in home prices we have seen so far make the current real estate market affordable? Do prices that have dropped ten percent represent a great buying opportunity? Long-time Seattle Bubble regular Eleua takes on these questions and more with his “House Valuation Workshop,” using his native Bainbridge Island as a working example….