Here are a few short quotes from some recent interesting articles (followed by some pithy one-liners) that I haven’t had the time to dedicate entire posts to: Slumping sales of lots could presage fewer new houses for region A key future indicator of the housing market is down sharply, but that could be a good…
Tag: foreclosures
Seattle Immune to Financing Woes?
When the question is “how will the current home lending meltdown affect the housing market in Seattle,” the answer depends on who you ask. For instance, if you ask #1 Seattle real estate cheerleader Elizabeth Rhodes, the answer is something to the effect of: “Seattle is special. Don’t worry your pretty little head about it.”…
Foreclosures On The Rise, Even In Seattle
Here’s some interesting news. Apparently even double-digit appreciation isn’t enough to keep foreclosures from rising around here, much like they are across the country: Following a national trend, Washington state’s mortgage foreclosures increased significantly last year, claiming 18,527 homes. In the Seattle/Bellevue/Everett area, one in every 136 homeowners was displaced by foreclosure, as was one…
A California Comparison, Part 2
Yesterday I compared King County to San Diego County in order to address some of the reasons we commonly hear that the Seattle housing market will remain strong. The focus of this post is slightly different than Part 1, where I used San Diego as an example to show that certain positive local attributes will…
A California Comparison
Since Mr. Kelly did such a poor job of actually comparing the Northwest to California, I’d like to get my own idea of how the two compare. For the illustrative purpose of this post, I’m going to be comparing the regions of Seattle and San Diego. Here in King County, the median home price (condos…