Dow, Nasdaq, S&P500Click to enlarge Microsoft & BoeingClick to enlarge Update: By request, here is a graph of today’s stock performance for a handful of other locally-based companies. Other Seattle-Area CompaniesClick to enlarge For those of you keeping score at home: Boeing: -1.95% Microsoft: -4.12% Amazon: -5.00% Starbucks: -3.94% Nordstrom: -7.59% Costco: -3.48% Washington Mutual:…
Tag: Economy
Bubble Link Roundup
It’s time for another link roundup: a list of links that are worth posting, but not each as their own post. Some of these are Seattle-specific, some aren’t. Keith at Housing Panic provides a concise history of the housing bubble. Calculated Risk expects a recession in ’07 and explains what would change his mind. The…
Does Job Growth == Home Buying Demand?
An article in the Times yesterday about the Puget Sound’s job recovery following the dot-com bust got me thinking again about the oft-claimed jobs to home prices correlation. The usual assertion goes something like this: “Prices are justified because our economy is strong (i.e. – lots of jobs), and as long as we keep adding…
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…
Optimism on the Menu for 2007
In addition to the standard E. Rhodes fluff piece that Synthetik posted about on Sunday, there were a couple other articles posted over the weekend that conveyed a general sense of optimism about Seattle’s housing market in the coming year. Here are a few choice quotes from Mike Benbow’s article in the Everett Herald titled…