As the far-reaching economic consequences of the popping of the housing/credit bubble unfold, local governments are feeling the pain. Snohomish County faces a $9 million shortfall for 2009, forcing a hiring freeze. While down in King County, Ron Sims just announced that 255 jobs will be cut. Financially ailing King County will send layoff notices…
Tag: Seattle_Times
September Reporting Roundup
Here’s the NWMLS press release that accompanied yesterday’s numbers: Pending Sales Up 4.1 Percent From Year Ago, Total Inventory Unchanged Home sales around Western Washington during September rose 4.1 percent from a year ago, reversing a 19-month pattern of declines. Members of Northwest Multiple Listing Service reported 5,982 pending sales (offers made and accepted, but…
Weekend Roundup: 1873, Hiring Freeze, Un-Sale…
Here’s a brief roundup of a bunch of noteworthy items that have popped into my inbox and RSS feeds in the last day or two. Aubrey Cohen: Current economic woes more like 1873 than 1929. “When commentators invoke 1929, I am dubious,” writes Scott Reynolds Nelson, a professor of history at the College of William…
Seattle Times: “Sellers are Growing Desperate”
An article in today’s Seattle Times goes nicely with Mr. Cohen’s article in the P-I a couple days ago. More sellers are growing desperate as homebuying stalls locally I especially like the first part of the subtitle text (emphasis mine): The Puget Sound area housing market, supposedly immune to the forces pulling down others across…
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…