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A Shortage of Rental Housing?
(CEPR © 09/07/2010)
That's what NYT columnist Joe Nocera is apparently worried about. That doesn't quite fit the data. The Census Department data show that rental vacancy rates are at record highs. The article also claims that many otherwise creditworthy borrowers are unable to get mortgages. This is inconsistent with the Mortgage Bankers Association data on mortgage applications. This series shows applications...

Trash piling up in the University District
(King 5 TV © 09/07/2010)
SEATTLE - Homeowner Pat Bluemel says his idyllic neighborhood looks more like a dump these days. It's gotten so ridiculous he takes pictures so friends don't think he's exaggerating. "In a 10-block radius, from 45th to 55th, we counted 15 discarded couches," he said. There's also soiled mattresses, old TVs, open trash and even clothes. "It's kind of frustrating for me as I pay my pro...

Seattle housing market hitting the skids
(Seattle P.I. © 09/07/2010)
The Seattle housing market's slow-motion skid is speeding up. Pending sales of single-family homes in Seattle were down more than 32 percent in August from a year ago, the fourth straight double-digit drop, according to the latest statistics from the Northwest Multiple Listing Service. Pending sales are considered the best measure of recent market activity. Closed sales were also off sharpl...

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