I think it’s time to update you on some of the local action (or lack thereof) that I’ve been keeping my eye on. I’ll take these in the order that they were originally posted. First up, we’ve got the park-backing property down the street from me. The last time I mentioned it (way back in…
Local Media "Starting to Notice Cooling"
Thanks to reader Peckhammer for pointing out an apparently self-contradictory article in today’s Seattle P-I. It begins quite predictably, with the usual examples that purport to show that the Seattle market is still hot, hot, hot… House hunter Vicky Tsai has paid for two inspections of homes she didn’t buy: one that she lost out…
Lender Tightening within 60 days?
From today’s information at Calculated Risk Blog. It appears that federal regulation regarding non-traditional mortgages may be in place within 60 days. If this ends up having any teeth at all, it could make it more challenging for borrowers to qualify for interest-only loans or pay-option loans. As one blogger responded: “talk about rearranging the…
Bubble Link Roundup
These don’t necessarily have to do with the Seattle area specifically, they’re just a collection of interesting housing-related links that I have come across in the last week or so and thought I would share. What Lemmings Believe (a comic panel) Housing Doom Blog Investigates Seattle’s #’s "There hasn’t been any slowdown at all" in…
Unaffordability Spotlight: Queen Anne
Despite my prediction that we would not see Bibeka Shrestha’s name on another Seattle Times’ real estate article, she has resurfaced this weekend with one of those "neighborhood in focus" type articles. The neighborhood in focus: Queen Anne. Single-family houses and condominiums in the area that includes Queen Anne had a median price of $483,000…