local real estate news, statistics, and commentary without the sales spin.
This ad for Quicken Loans’ “Rocket Mortgage” app aired during the Super Bowl on Sunday…
Wow. It is like the people at Quicken Loans who are responsible for promoting their Rocket Mortgage app somehow completely missed the previous housing bubble and the massive economic fallout when it burst.
Yes, let’s make it super easy for everyone to buy homes! What could possibly go wrong?
It’s way past time for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).
To kick things off, here’s an excerpt from the NWMLS press release:
Housing market slowdown expected
But prices in most areas are still rising…
Interesting article in the New York Times yesterday: In Suburban Seattle, New Nests for China’s Rich …increasingly, China’s rich are also offshoring their families along with their cash. That’s created a real estate boom in an unlikely corner of the United States: suburban Seattle. Wealthy Chinese have become far and away the biggest foreign buyers…
For years, the gold standard in online buy vs. rent calculators has been the one created and hosted by the New York Times. This week, they released a brand new, updated and enhanced version: Is It Better to Rent or Buy? The new version lays out all of the variables in a clean and simple…
There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion…