Here’s a few national stories of note, and a handful of local economic news stories from this morning: New York Times: For Housing Crisis, the End Probably Isn’t Near Wall Street Journal: When Will Home Prices Stabilize? Fitch Says 2010 Seattle P-I: Unemployed workers struggle with job-seach requirements Associated Press: State lawmakers strike agreement on…
Tag: New York Times
“Out here in Seattle, we were living in a bubble.”
These articles are a bit off-topic from the usual news about residential real estate, but I thought they were at least worth a brief mention. New York Times: In Seattle, Office Vacancy Rate Is Rising Fast Not long ago, Seattle looked invincible, even as an economic downturn was starting to plague the rest of the…
WaMu Nearing the End?
WaMu is still making headlines, and in this case I don’t think any press is good press… New York Times: Washington Mutual Is Said to Consider Sale Seattle Times: WaMu scrambles to stay alive; it may be trying to find buyer From the Seattle Times article: With the wreckage from the nation’s worst financial crisis…
Link Roundup: Incentives, Economic Woes, Alt-A, and More
Here are a few stories from the last week or so that are worth pointing out. First up a TV report from KOMO News: “Open House” — sign of the times in Snohomish County Real estate agents in Snohomish County are now resorting to a “shock treatment” for slouching home sales in their area. Realtors…
NYT: “Even the Strong Are Weakening”
The Seattle-area housing market gets some national attention in an article in today’s New York Times: While Wall Street is growing hopeful that the economy might dodge a recession, many economists warn that the pain in the housing market may last for several years. Even local markets like Seattle, which once seemed immune to the…