The P-I printed a real gem of a story this weekend, with a pretty bold prediction: The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession….
Tag: Cohen
September Reporting Roundup
Here’s the NWMLS press release that accompanied yesterday’s numbers: Pending Sales Up 4.1 Percent From Year Ago, Total Inventory Unchanged Home sales around Western Washington during September rose 4.1 percent from a year ago, reversing a 19-month pattern of declines. Members of Northwest Multiple Listing Service reported 5,982 pending sales (offers made and accepted, but…
Weekend Roundup: 1873, Hiring Freeze, Un-Sale…
Here’s a brief roundup of a bunch of noteworthy items that have popped into my inbox and RSS feeds in the last day or two. Aubrey Cohen: Current economic woes more like 1873 than 1929. “When commentators invoke 1929, I am dubious,” writes Scott Reynolds Nelson, a professor of history at the College of William…
“Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble
The P-I ran an interesting little article by Aubrey Cohen today: Turmoil rattles local real estate market The recent nationwide economic turmoil appears to have intensified already prevalent skittishness among buyers and lenders — and helped persuade sellers to get real. … The turmoil has increased the fear of buying now, only to see prices…
Seattle-Area Foreclosures Rising Rapidly
Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to…