Almost a year ago, a family that has accumulated ownership of 13 near-contiguous acres of downtown real estate in the Denny Triangle finally put the whole lot of it on the market. Mr. Clise is convinced now is the ideal time to sell. The job-market outlook is robust for Seattle, and the office market, with…
Tag: Wall_Street_Journal
Wall Street Journal: Seattle No Longer Special
Seattle got a little bit of attention in a recent Wall Street Journal story titled Housing Slump Starts to Hit Stronger Cities: It’s getting harder to hide from the housing bust. Tight credit, fragile consumer confidence and a weakening economy are slowing sales and depressing prices even in some places — such as the Pacific…
WSJ: Mortgage Crisis Rivals S&L Meltdown
The Wall Street Journal has a good article today detailing the extended financial mess that has been brought on by the irresponsible enthusiasm of the now-bursting housing bubble. The home has long been the bedrock asset of most American families. Now, its value has become the biggest question mark hanging over the global economy and…
Explore Seattle’s Sub-Prime Status
A couple people pointed me to a great article in today’s Wall Street Journal on the prevalence of sub-prime lending across the country over the last few years. The article discusses the surge in such risky loans, and the fallout that is already underway and likely to continue. The data suggest that financial suffering is…
Local Odds & Ends
Got a couple of links to share this morning. Trying to clear out the backlog before May stats from the NWMLS hit either today or tomorrow. Priced out of Seattle? King5 News recommends “shared home buying” with friends or even strangers. They also make a recommendation you don’t often see in the local press: save…