The P-I ran an interesting little article by Aubrey Cohen today: Turmoil rattles local real estate market The recent nationwide economic turmoil appears to have intensified already prevalent skittishness among buyers and lenders — and helped persuade sellers to get real. … The turmoil has increased the fear of buying now, only to see prices…
Tag: Seattle_PI
Quadrant Homes Cuts 20% of Workforce
From the P-I: Quadrant Homes lays off 45 workers Quadrant Homes, the Puget Sound area’s largest home builder, announced Thursday that it is cutting its work force by 20 percent in response to the slowdown of new home sales in the area. The company will lay off 45 associates from its Bellevue headquarters and field…
Seattle-Area Foreclosures Rising Rapidly
Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to…
August Reporting Roundup: Reality Finally Sinking In
Oh man. They let Elizabeth Rhodes take just one day off, and look what happens: Gahh! It’s right there in giant black print, above the fold on the front page! I can’t imagine the Seattle Times’ real estate advertisers feeling too great about this…
Foreclosures Up 41% YOY Around Seattle
Foreclosures in the Seattle area were up 41% year-over-year, according to a report from RealtyTrac. Seattle-area foreclosures continued to rise in July, according to a new report. The area, defined as King and Snohomish counties, had 1,030 properties with foreclosure filings, up 41 percent from a year earlier and 13 percent from June, according to…