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US Government to Responsible Americans: Screw You
Well, that’s that. Housing rescue bill heads to Bush for signature Congress passed the most significant housing legislation in decades Saturday, offering help to struggling homeowners and seeking to stabilize a troubled housing market that has dragged down the economy. President Bush will sign it quickly… … Housing “is a matter of grave concern to…
Here Comes the Big Bailout, Funded by You and Me
The US taxpayer is about to be saddled with hundreds of billions of dollars in bailouts to pay for the idiotic decisions of those that gleefully inflated the housing bubble. At 11:00 AM Eastern TOMORROW (Saturday), the Senate votes on the “housing rescue” bill, which includes: …an unlimited line of credit to Fannie and Freddie,…
Seattle Housing Market vs. National Headlines
One common refrain lately among real estate agents desperate to put a positive spin on the local market is that potential home buyers in the Seattle area are just being frightened by all the bad national news on the housing market. The local market is doing just fine, and would be even better if only…
Anemic Second Quarter Home Sales
A reader suggested that a good way to visualize the current state of the local housing market would be to look at quarterly home sales. Here’s a chart of the total closed SFH sales in King County for every quarter we have data for from the NWMLS, back through 2000: Click to enlarge Note that…