{"id":1425,"date":"2008-01-22T09:25:07","date_gmt":"2008-01-22T17:25:07","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2008\/01\/22\/link-roundup-trio-condos-lies-lawsuits\/"},"modified":"2008-01-29T09:43:20","modified_gmt":"2008-01-29T17:43:20","slug":"link-roundup-trio-condos-lies-lawsuits","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/01\/22\/link-roundup-trio-condos-lies-lawsuits\/","title":{"rendered":"Link Roundup Trio: Condos, Lies, Lawsuits"},"content":{"rendered":"

Here’s a minor roundup post for you, with a few stories from the last few days that are worth a brief mention:<\/p>\n

After selling just 17 out of 114 units, an in-progress condo complex near Seattle Center will instead be completed as “luxury apartments.”<\/a><\/p>\n

In recent months, developers have shelved plans to convert several Seattle apartment buildings to condos and changed some new projects from condos to apartments. Another example of a new apartment project that was once condos is Aspira, a 37-story tower at Stewart Street and Terry Avenue, by Los Angeles developer Urban Partners.<\/p>\n

Developers have attributed the shift to a glut of announced condominium projects, skittishness among the investors who fund condo towers, and an apartment supply that’s shrinking because of conversions and a lack of new construction since the dot-com meltdown in 2001.<\/p><\/blockquote>\n

Apparently, the Skagit County real estate market is even more special than Seattle, because up there, real estate agents claim that the worst is already over<\/a>.<\/p>\n

Despite continued fallout from the subprime mortgage markets and growing talk of a recession, local real estate professionals believe that the worst may already be over for the Skagit County housing market.<\/p>\n

Looking back, the low point came sometime in spring 2007.<\/p><\/blockquote>\n

And also entertaining is this one from today’s New York Times: Feeling Misled on Home Price, Buyers Sue Agent<\/a> (also reprinted in the P-I<\/a>).<\/p>\n

CARLSBAD, Calif. \u2014 Marty Ummel believes she paid too much for her house. So do millions of other people who bought at the peak of the housing boom.<\/p>\n

What makes Ummel different is that she is suing her agent, saying it was all his fault.<\/p>\n

Ummel claims that the agent hid the information that similar homes in the neighborhood were selling for less because he feared she would back out and he would lose his $30,000 commission.<\/p><\/blockquote>\n

They’re also talking about this one over at the Seattle Real Estate Professionals blog today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s a minor roundup post for you, with a few stories from the last few days that are worth a brief mention: After selling just 17 out of 114 units, an in-progress condo complex near Seattle Center will instead be completed as “luxury apartments.” In recent months, developers have shelved plans to convert several Seattle…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[10,53,166,19],"coauthors":[],"class_list":["post-1425","post","type-post","status-publish","format-standard","hentry","category-news","tag-link_roundup","tag-propaganda","tag-repartment","tag-seattle_pi"],"yoast_head":"\nLink Roundup Trio: Condos, Lies, Lawsuits \u2022 Seattle 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