What a delightfully entertaining gift the Seattle P-I has given us this Friday in the form of guest columnist Sarah McCormic’s amusing thoughts about the Seattle housing market: Several years ago, on a stroll around my Ballard neighborhood, I stopped to gawk at the huge price tag on a For Sale sign in front of…
WaMu: Housing Slowdown Driving Down Profit
In the past, we have drawn attention on Seattle Bubble to cutbacks or other unpleasant news for local mortgage-related businesses. The reason for this is to draw attention to the fact that the national slowdown in housing is having negative local effects here in the Seattle area. With that in mind, I thought I should…
A California Comparison
Since Mr. Kelly did such a poor job of actually comparing the Northwest to California, I’d like to get my own idea of how the two compare. For the illustrative purpose of this post, I’m going to be comparing the regions of Seattle and San Diego. Here in King County, the median home price (condos…
"Local Prices Are Not Headed Backward"
Here’s a familiar song, courtesy of Tom Kelly at the Everett Herald. It used to be a popular notion among local real estate agents that the Northwest housing market lagged behind the California market by about six months. … I thought about that idea recently when I read that home sales decreased 30.1 percent in…
Advertising the Bubble
As I was catching up on the comments, I was rather intrigued by the direction that you all took Monday’s open thread. Here’s a recap for those of you that do not closely follow the comments. When it comes to the blatant cheerleading nature of the real estate section of the newspapers, they probably feel…