Hi Bubbleheads, doom ‘n gloomers and market enthusiasts …. Good Reading: Via Jessica Swesey at Inman News blog gives us a glimpse into the mechanics of the bubble. She cites a paper released last week by Dean Baker of the Center for Economic & Policy Research asks:(PDF document & very easy reading with excellent analysis)…
Tag: affordability
On the Radar: July 22nd date for new borrowing standards.
Yesterday Inman News had (subscription needed) a piece by Lou Barnes regarding this large blip showing on the Radar screen. The blip kept showing July 22, 2007. The Boston Globe picked up Lou’s piece and you can read it here. New guidelines making it tougher to qualify under interest only mortgage terms begins on July…
Without Mom’s Income, Seattle is Unaffordable
The Seattle P-I is running an article about some interesting survey results regarding mothers’ attitudes toward working. Despite the fact that more mothers are working full-time, fewer think that it’s best for the family. After generations of debate about working mothers, only about a fifth say full-time jobs are ideal, fewer than held those views…
Seattle Risk Doubles in Improved PMI Model
The latest report from the PMI Group has been released, and the news is increasingly bad for Seattle: Click to enlarge As noted on the graph, PMI did improve their model with this latest report, so while Seattle’s new Risk Index of 343 is not directly comparable to its previous index of 167, the news…
One Third of Seattle Homebuyers Have Unaffordable Mortgages
Aubrey Cohen reports on a recently-released report out of Harvard. The report isn’t your usual rah-rah, go housing type of fluff, and actually shows Washington State as being among the markets with a larger percentage of risky loans. I don’t imagine it’s a coincidence that there’s not even a passing mention of the report in…