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Seattle’s PMI Risk Index Continues Climb

The latest PMI report (pdf) is out, and much to no one’s surprise, Seattle’s risk index has increased yet again. Click to enlarge Jumping 14 points from the fall to a total of 167, Seattle now boasts a PMI that is 2.6 times its Summer 2005 low of 64. Although Seattle’s Risk Index is still […]

2007 Optimism, Part III: Some Cracks Appear

This is the last post in this impromptu series. There were just so many articles out there full of “expert” quotes and predictions about the Puget Sound’s economic outlook for 2007. Here are three more articles that discuss the interaction of the local housing market with the greater local economic picture. Surprisingly, the housing affordability […]

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A Question Of Affordability

It is generally accepted that the more desirable an area is, the less affordable it is to live there, and specifically, to buy a home. For instance, homes in San Francisco have always been ridiculously expensive—even considering the higher median income there—because it’s considered by many to be a highly desirable place to live. For […]

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PMI: Seattle Increasingly Risky

Mercer Island Guy pointed out that I haven’t yet posted on the latest PMI report that was released last week. Rapidly slowing appreciation and declining affordability contributed to a marked increase in the risk of home price declines in cities across the country, PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. […]

Realtors & Government Team Up To Look Good

As effective as government is at addressing most issues, it only makes sense that once the real estate market finally starts to slow down, that’s when they decide it’s a good time to try to do something about unaffordable housing. Gov. Chris Gregoire and top legislative leaders on Tuesday authorized a study of ways to […]