Bad news driving bad home market, say builder, banker

PORT ANGELES — Publicity about mortgage foreclosures is scaring people out of building or buying houses, a builder, a banker and two real estate agents said Monday.

“We do not need this,” said Kevin Russell, waving a copy of Monday’s Peninsula Daily News and its front-page story about local sawmill layoffs driven by weak housing sales.

“Why do we let the media drive our lives?” asked Russell, the head of the president of the North Peninsula Building Association as he addressed the Port Angeles Regional Chamber of Commerce’s membership luncheon at the Port Angeles CrabHouse Restaurant.

“Things are not as bad as it seems.”

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

They might seem bad, though, to the nearly 300 workers temporarily idled from the Inferfor Pacific and KPly mills in Port Angeles and nearly an additional 100 at Portac mills in Beaver and Forks.

Another mill, Port Angeles Hardwood, has temporarily cut its daily operating hours by 20 percent.

And the number of houses priced below $200,000 in Port Angeles has increased 24-fold, according to Brooke Nelson, an agent of Coldwell Banker Uptown Realty.

More in News

Interfund loan to pay for Port Townsend meter replacement

City will repay over four years; work likely this winter

Artists to create murals for festival

Five pieces of art to be commissioned for downtown Port Angeles

Clallam assessor’s office to extend reduced hours

The Clallam County assessor’s office is continuing its reduction… Continue reading

Girders to be placed Thursday night

Contractor crews will place four 100-foot bridge girders over a… Continue reading

Cameras to check recycling contents in new program

Olympic Disposal will deploy a system of computerized cameras to… Continue reading

Port Angeles Fire Department responds to a residential structure fire on West 8th Street in Port Angeles. (Jay Cline)
Police: Woman arrested in arson investigation

Niece of displaced family allegedly said house was ‘possessed’

Rikki Rodger, left, holds a foam float, and Mark Stevenson and Sara Ybarra Lopez drop off 9.2 pounds of trash and debris they collected at Kai Tai Lagoon in Port Townsend during the Port Townsend Marine Science Center Earth Day Beach Cleanup event Saturday at Fort Worden State Park. (Steve Mullensky/for Peninsula Daily News)
Beach cleanup

Rikki Rodger, left, holds a foam float, and Mark Stevenson and Sara… Continue reading

Emily Randall.
Randall reflects on first 100 days

Public engagement cited as top priority

Sequim company manufactures slings for its worldwide market

Heavy-duty rigging includes windmills, construction sites

Legislature hearing wide range of bills

Property tax, housing could impact Peninsula

Jefferson County adjusts budget appropriations

Money for parks, coroner and substance abuse treatment in jail

Motorcycle rider airlifted to Seattle hospital

A Sequim man was airlifted to a Seattle hospital after… Continue reading