From the New York Times today- “‘Certainly, the housing market is undergoing a measurable adjustment,’ Lawrence Yun, senior economist with the Realtor association, said. The bloated inventory levels, Mr. Yun said, indicate ‘a very sudden change which I have never seen before.’” -Lawrence Yun, NAR economist. Earlier this year, he mentioned that he expected Seattle…
Free Pass: DOJ drops Fannie Mae charges
How surprising! This morning at CNBC.com, Reuters news services is reporting that the Department of Justice has dropped charges against Fannie Mae and has concluded their investigation. Fannie Mae was “fined” $400 million. “The Justice Department probably decided that there was little to be gained by bringing charges against the company because that would only…
Seattle Bubble Poll Time
Given the variety of opinions expressed in the discussions on this blog, I am curious about the general statistical status of the readership, with respect to the issues that we focus on. To satisfy my curiousity, I have created the following series of polls. Vote in as many or as few as you like. The…
My heated argument & bombshell shocker
I got into a great argument with one of my allied real estate professional hate mail fans recently. It was good. Educational and revealing too. Not too much spit exchanged. Not like an in your face Lou Piniella type tirade, but quite animated. Man, can you imagine the comments from Lou over the past couple…
WCRER: Sales Slipping, Affordability Tanking
As a number of readers have pointed out in the comments, WSU’s Washington Center for Real Estate Research has released their latest quarterly statistics. There’s not much new in there for anyone that has been following the monthly NWMLS releases, but it’s at least worth mentioning. Here’s a blurb from the Associated Press report, courtesy…