Massive Imaginary Migration to Drive Seattle Recovery

As I was digging through local real estate stories last week, I was lucky enough to catch the following exchange on KUOW’s “Weekday” program last Thursday. Host Marcie Sillman discusses foreclosures and the Seattle-area housing market with guests Richard Hagar (real estate agent and appraiser) and Linda Taylor (housing director at the Urban League) in […]

Local Media Misdirects Massive Foreclosure Freak Out

Foreclosure-tracking company RealtyTrac released their third quarter report yesterday, which included a ranking of major metro areas around the country by their respective rates of increase in foreclosure activity compared to the third quarter of 2009. With a 71% year-over-year increase in RealtyTrac’s report, the Seattle area ranked #1 as the metro where foreclosures increased […]

Is “The Bottom” Always a Good Time to Buy?

NPR ran an interesting segment on Tuesday’s Talk of the Nation: Volatile Housing Market Baffles Homeowners. The subject was the housing market, and host Jennifer Ludden’s guests on the program were Moody’s Chief Economist Mark Zandi and Zillow’s VP Communications Amy Bohutinsky. Their wide-ranging conversation touched on everything from walking away to buying at “the […]

Is the “home as a profit engine” paradigm finally dying?

I recorded an interview with KIRO news radio yesterday that might be of some interest. The days of buying a house for profit may be gone An excerpt: If you’re looking for an investment, consider stocks and bonds, coins or comic books. The days of buying a house for big profit might be gone […]

Welcome KOMO 1000 Listeners

I had a brief live appearance on KOMO 1000 Newsradio this afternoon to discuss where home prices around Seattle might be headed in the next year or two. Here’s the audio: If you’re visiting for the first time after hearing the interview, here’s the post I mentioned on the air: Goldman: Seattle Home Prices […]

Foreclosures: Better to let them happen

Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of […]

“We’re going to be at the bottom for a long time.”

Two friends of Seattle Bubble got together a few days ago for some podcasting goodness: Michael Surkan and Jillayne Schlicke discuss the current state of Seattle’s real estate market and where we’re headed from here in the latest episode of Michael’s Entrepreneurs Northwest series: Be patient: Seattle’s real-estate market won’t hit bottom for some time. […]