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…
Poll: Which has the most bias in real estate reporting?
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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…
NWMLS: King County SFH Prices Hit 0% YOY.
The November market statistics from the NWMLS are here. Ta-da! Public press release and data pdfs have not yet been posted, but I will update the post with a link once they are. Here is the NWMLS press release, with links to the pdf summaries. Here’s your King County SFH summary: November 2007 Active Listings:…