One of my coworkers noticed an amusing juxtaposition of advertisements last week while he was checking the local weather forecast. I had to disable Firefox‘s Adblock Plus to see any ads, but it was worth it for the laugh: For reference, the monthly payment on a 30-year fixed mortgage of $430,000 at today’s interest rates…
New King County SFH Inventory Record
For those of you that are not Seattle Bubble forum readers (but should be), it is worth noting here that yesterday the total number of King County single-family homes on the market passed its previous (September 2002) high of 9,176, setting a new all-time record high. According to Windermere property search, the MLS (as of…
Seattle Times RE Roundup
The Seattle Times has had a good handful of real estate stories in the last few days, but none of them have been interesting enough to merit their own post. However, now that I’ve got a little collection of them in the inbox, here’s a roundup with snippets from all four. Jane Hodges, Buying on…
Foreclosures: Up, Up, and Away!
Aubrey Cohen is on a roll, reporting the uncomfortable truth about the local housing market (granted, with a slight sugar-coating). The latest report is on the ever-increasing number of foreclosures in the Seattle area, another fact that is conveniently ignored by Elizabeth Rhodes at the Seattle Times. The Seattle area continued to follow the national…
One Third of Seattle Homebuyers Have Unaffordable Mortgages
Aubrey Cohen reports on a recently-released report out of Harvard. The report isn’t your usual rah-rah, go housing type of fluff, and actually shows Washington State as being among the markets with a larger percentage of risky loans. I don’t imagine it’s a coincidence that there’s not even a passing mention of the report in…