The Puget Sound Business Journal reported Friday on some more news from WaMu that is likely to affect local homeowners. Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing housing market. If they haven’t already been notified,…
Seattle Bubble Fundraising Drive
As you may or may not know, Seattle Bubble is one of a handful of projects that now make up my full-time job. Since dedicating a larger amount of time to improve and expand Seattle Bubble, I have been able to greatly improve the aesthetics, add useful widgets like “recent forum posts” on the sidebar,…
Poll: Realistically, would you prefer to live…
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 05.24.2008.
Quadrant Homes to Cut 6% of Workforce
According to KING 5, Quadrant homes announced some major layoffs yesterday. The slowdown in home sales nationwide has now hit one of the largest home builders in Washington state in the form of layoffs. Quadrant Homes is cutting up to six percent of its workforce. In an e-mail to employees, Quadrant’s CEO announced a formal…
April 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. Remember: Over 6 MOS is a buyer’s market, which gives buyers more negotiating power, but doesn’t mean homes…