Last month’s Case-Shiller data showed a slight increase in prices month to month, possibly signaling the end of the bust for Seattle. Or not. This month’s Case-Shiller Home Price Index would seem to indicate that the bust is not over yet. Down 0.5% April to May. Down 6.3% YOY. Last year prices rose 0.95% from…
June Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. I apologize for the tardiness, I was hoping to have the color-coded map ready by this month’s update,…
Poll: Do you think the “Foreclosure Prevention Act of 2008” will:
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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,…