The Tacoma News-Tribune sheds light on a problem with state law that could become more of an issue as foreclosures become more common in the coming years. "Opportunity knocks!" proclaimed a real estate handbill about a five-bedroom home on two acres selling for $288,750. But here is what you won’t find on the advertisement for…
Housing Prices A "Simple" Problem
P-I Columnist Bill Virgin makes light of the housing situation in today’s column, titled How to rein in housing prices? It’s simple. The thrust of the article is a sarcastic proposal to make it illegal to profit from the sale of a home. However, he makes some interesting claims that I can only assume he’s…
Super Special Seattle
The topic of whether or not our area is somehow immune to a bubble was suggested by a reader. I made a very similar post back in September, but readership and participation has grown quite a bit since then, so now would be a good time to post it again. As markets across the country…
What’s Your Seattle Bubble Timeline?
With the numbers we’ve been seeing for the last few months, it is clear that Seattle is not the red-hot market that it was a year ago. What is still not clear though is just where we are in the boom/bust cycle. Many theories have been suggested recently in the comments about how soon Seattle…
No Foreclosure Deals… Yet
In a real estate advice column this weekend, Everett Herald reporter Steve Tytler explains the difficulty of finding good foreclosure deals in Seattle’s still-at-least-lukewarm market: Question: Where can I learn about investing in foreclosures?D.E., Renton Answer: There are some truly extraordinary bargains to be found in the foreclosure market. Unfortunately, finding these bargains is like…