Foreclosures are still on the rise in Washington State and in the Seattle area, according to the Seattle Times. Washington state foreclosure filings were up 69 percent last month compared with the previous June and up almost 10 percent from May, as the mortgage meltdown continues despite government and private efforts to help struggling homeowners….
Tag: Seattle_Times
June Reporting Roundup
This month’s theme is “let’s scare fence-sitters by telling them that rising interest rates will eliminate any savings from falling home prices.” Let’s see how well our local papers do at driving this point home. Read on for the this month’s roundup…
Beating a Dead Horse: Gas Prices
I realized we have beat the subject to death with a pair of posts and this week’s poll, but I had to at least point out a Rhodes piece in today’s Seattle Times on the issue of gas prices and home buying patterns: Will gas prices drive homebuyers away from suburbs? The article starts off…
McMansions, Condo Conversions, Delays, & Sunny Ballard
Time again already for another inbox-clearing story roundup. First up, the Seattle City Council is apparently in a development-regulating mood lately. Not only are they tackling the ugly townhome issue, now they’re going after “megahomes” as well. After years of complaints about suburban-sized homes that devour lawns and encroach on neighbors, the Seattle City Council…
Local Banks Slammed by Housing Bust
From today’s Everett Herald: Housing slump hits local banks hard Low interest rates, the loss of the home construction boom and investor pessimism all are weighing down on bank stocks, dealing a big blow to all three of the local banks traded on Wall Street. Lynnwood’s City Bank, along with Frontier Financial and Cascade Financial…