Interesting story from Kirsten Grind over at the Puget Sound Business Journal: Experts see more subprime-loan pain ahead Another big wave of subprime mortgages will see interest rates reset to a much higher rate over the next six months in the Seattle area, an indication that the Puget Sound region might still be facing further…
Tag: Grind
Puget Sound Business Journal on San Diego vs. King
Last week the Puget Sound Business Journal ran a piece comparing King County to San Diego County. It was behind a subscriber-only wall, but now it’s fully available on their website: How King County dodged mortgage mess compared to San Diego. Unfortunately, the article doesn’t really have any new material that regular readers here haven’t…
Raising Prices to Entice Buyers—wait, what?
Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices. Yes,…
October Reporting Roundup: There Goes the Neighborhood
If you thought last month’s reporting was fun, just wait till you get a load of the goomy tone of the latest wave of articles. I find it interesting that the NWMLS chose to release the statistics so late in the day yesterday, on the fourth business day of the month (rather than the fifth,…