Many of you pointed out the latest in a series of paid advertisements masquerading as reporting in yesterday’s Seattle Times. The apparent purpose of the “article” was to convince the reader that 2007 is a great year to buy a condo in downtown Seattle, at any cost. [Condo developer David] Thyer insists that Seattle isn’t…
Tag: Seattle_Times
January Reporting Roundup
Let’s have a look at the local press reaction to the market’s continued slowdown, shall we? First up, the poster child for slowdown denial in the media, Elizabeth Rhodes. This month she actually managed to sandwich a morsel of reality in between the excuses and the unbridled optimism: A nasty dose of winter last month…
Foreclosures On The Rise, Even In Seattle
Here’s some interesting news. Apparently even double-digit appreciation isn’t enough to keep foreclosures from rising around here, much like they are across the country: Following a national trend, Washington state’s mortgage foreclosures increased significantly last year, claiming 18,527 homes. In the Seattle/Bellevue/Everett area, one in every 136 homeowners was displaced by foreclosure, as was one…
"This is a great time to buy a home."
Check out this absolutely delightful paid advertisement masquerading as a “guest editorial” in today’s Seattle Times. It’s penned by Mr. Samuel L. Anderson, the executive officer of the Master Builders Association of King and Snohomish Counties. The media have been all abuzz over the past year about the softening in the housing market. … At…
Prices Unleavened in 2007?
So what’s in store for the Seattle housing market in 2007? Everyone’s got an opinion, and yours truly is no exception. But before I get into my guesses, let’s review the predictions of local “experts” that have been trumpeted in the media in the last few weeks. From a December 22nd P-I article: “I think…