It looks like the picture for renters may not be quite as bleak as we have been led to believe in recent articles. Turns out that new apartments are being built, and even some condo projects are becoming apartments instead. Apartments have been the poor stepchild to condominium towers over the past few years in…
WaMu: Ouch.
As the mortgage market experiences continuing turmoil, our local giant in the industry is not spared: The nationwide housing slump and collapsed mortgage markets have taken yet another toll on Washington Mutual — specifically, on its employees and shareholders. The Seattle-based thrift, one of the nation’s largest home lenders, said Monday it will: Cut 3,150…
WSJ: Mortgage Crisis Rivals S&L Meltdown
The Wall Street Journal has a good article today detailing the extended financial mess that has been brought on by the irresponsible enthusiasm of the now-bursting housing bubble. The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and…
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November Reporting Roundup
I’ve got an all-day seminar thingy today, so here’s a super-condensed version of this month’s reporting roundup. I’ll probably come back this evening and add some commentary. Elizabeth Rhodes, Seattle Times: Home prices slip to ’06 level The Seattle-area housing market is in a pronounced slump, with fewer houses selling, inventories climbing and prices returning…