January 2010 Market Update and Trivia Question

Market Update January 2010 Last month showed more signs of a bright future for months to come. Of the seven cities in Washington reviewed all showed tremendous year over year growth. Auburn, WA has had a 5.1% increase in sold properties in the last twelve months, including an 86% increase of homes in escrow. The… Read More

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WSJ Quarterly Housing Survey: More Pain to Come

I meant to get to this last week, but the day it came out, I was mostly drunk (my bday), and I somehow missed it: “Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the countr

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Anecdotes on reckless lending at WaMu from the Seattle Times

The Seattle Times has a must-read piece on Washington Mutual today which reveals a lot of the fine detail on how the company was run and what led to its demise (hat tip calculated Risk). As with many of the other busted financial giants like Northern Rock and Lehman Brothers, indications that something was amiss were apparent long before their ultimate demise. However, in an environment of easy money and lax regulatory standards those signs were overlooked as share prices kept rising. Here

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Zillow releases new Bonney Lake, WA YTD Stats

This first chart illustrates and confirms that Bonney Lake is still a bedroom community for families, with the owners vs. renter ratio way above the national level. Here you see that Bonney Lake still has a good mix of newer homes and older homes. The rebuilding of neighborhoods has slowed but new construction has been… Read More

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The party is ending in so-called Party Cove on Lake Tapps

The party is ending. Pierce County Sheriff Marine Services Unit deputies will begin “educating” boaters about the new “underway only” rule on Fairweather Cove – also known as Party Cove – in north Lake Tapps that goes into effect this weekend. “We are not going to write tickets right away,” said Sheriff’s spokesman Ed Troyer. “We will have signs made and putting information out there about the new rule.” The new rule bans motorized vessels from anchoring, drifting or tying together in

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