The mass insanity of the housing bubble over the last few years has pretty fully revealed itself by now. One need only visit our good friends over at Seattle Bubble to read about the increasing devastation. On Jan. 15, Tim posted the big news: according to the Northwest Multiple Listing Service (NWMLS), King Co. finally posted year-over-year median closing prices on housing. According to the same report, active listings are up in the YOY comparison (51%) and pending sales are down (by 33% YOY), both records. In other words, the market is flooded, demand is down, and housing prices are falling. more ›

A new biodiesel refinery in Western Washington was announced Tuesday that would dwarf the 5 million gallons a year that local guys Seattle Biodiesel (actually it's the same guys: Imperium Renewables) can currently come up with. Supposedly the new Gray's Harbor plant will be able to produce 100 million gallons of biodiesel fuel a year which there may actually be a market for due to The Energy Freedom legislation passed in the state earlier this year which says that 2% of all diesel used in Washington will need to be biodiesel by 2008. more ›