{"id":1312,"date":"2007-11-30T08:43:19","date_gmt":"2007-11-30T15:43:19","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2007\/11\/30\/seattle-delightfully-immune-to-housing-downturn\/"},"modified":"2010-11-26T05:43:32","modified_gmt":"2010-11-26T13:43:32","slug":"seattle-delightfully-immune-to-housing-downturn","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/11\/30\/seattle-delightfully-immune-to-housing-downturn\/","title":{"rendered":"Seattle Delightfully Immune to Housing Downturn"},"content":{"rendered":"

Another day, another syndicated Associated Press article reprinted in the Seattle Times with an abundant dose of rah-rah local cheerleading awkwardly thrown in by Elizabeth Rhodes (additions in italic<\/span>): U.S. home prices drop for quarter; not so here<\/span><\/a>.<\/p>\n

U.S. home prices marked a quarterly decline for the first time in 13 years in the third quarter, according to government data released Thursday that provide fresh evidence of the housing-market slump.<\/p>\n

But Washington cities continued to defy that trend.<\/span><\/p>\n

U.S. home prices dipped 0.4 percent nationwide in the July-September period, compared with the previous quarter, the Office of Federal Housing Enterprise Oversight (OFHEO) said.<\/p>\n

\"Biting<\/a>But prices in the Seattle-Bellevue-Everett region rose 1.24 percent, OFHEO found.<\/span>
\n…
\n“Rising inventories of for-sale properties are clearly having a material impact on home prices,” said Patrick Lawler, the agency’s chief economist.<\/p>\n

Washington state, however bucked that trend, with 6.98 percent price growth year over year. That was the fifth-highest in the nation behind leader Utah at 12.89 percent.<\/span><\/p><\/blockquote>\n

In other news, a prominent video game journalist was allegedly fired over a negative review<\/a> of a game which was highly advertised on his employer’s site, serving as an example for journalists everywhere of what happens<\/a> when you bite the hand that feeds you<\/a>.<\/p>\n

Now everyone go out and buy a condo. Right now.<\/p>\n

(Marcy Gordon \/ Elizabeth Rhodes, Associated Press \/ Seattle Times<\/a>, 11.30.2007<\/span>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Another day, another syndicated Associated Press article reprinted in the Seattle Times with an abundant dose of rah-rah local cheerleading awkwardly thrown in by Elizabeth Rhodes (additions in italic): U.S. home prices drop for quarter; not so here. 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