By request, here is a chart showing Notices of Trustee Sale and Unemployment. Note that the scale for each data set is different to allow their rates of change to be more easily compared. The chart above shows the monthly percentage of households receiving a Notice of Trustee Sale (on the left axis) and the…
Tag: foreclosures
Foreclosures Still Rising Rapidly Around Puget Sound
Time for our February update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: February 2009 King: 838 NTS, up 99% YOY Snohomish: 414 NTS, up 100% YOY Pierce: 663 NTS, up 59% YOY Here’s a simple look at how February’s foreclosures compare to the same month…
Foreclosure Rescue Plan Open Thread
Here’s a good summary of Obama’s proposed foreclosure rescue plan from our friends over at Calculated Risk. This plan rewards those homebuyers who speculated with excessive leverage. I think this is a mistake. Another problem with Part 2 is that this lowers the interest rate for borrowers far underwater, but other than the $1,000 per…
Friday Link Roundup: Slow Sales, Foreclosures, Deceptive Stats
Got a bunch of things to share with everybody that have built up over the past week, so let’s just get right into it. First up, a couple of stories that take a look at the big picture local numbers… Aubrey Cohen, Seattle P-I: Washington sees nation’s largest drop in sales Patricia Murphy, KUOW: Bad…
Puget Sound Foreclosures Set New Records in January
Here’s your January update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2008 King: 915 NTS, up 113% YOY Snohomish: 463 NTS, up 95% YOY Pierce: 681 NTS, up 69% YOY First let’s look at the percentage of households that received a Notice of Trustee…