By The Tim on May 30, 2008
A few days ago I got an email from a reporter named Luck Mullins from US News & World Report, telling me about his new housing blog: The Home Front. Then yesterday, a story pops up on his blog specifically about Seattle. Looks like someone really wants to get our attention for some reason. Here’s [...]
Posted in News | Tagged US News & World Report, ZipRealty
By The Tim on May 29, 2008
Regarding last night’s Amazon-only Vulcan open house, a reader wrote: I work for Amazon and just got back from Vulcan’s exclusive Amazonian-oriented event. They’re offering $5,000 incentives for those of us who want to work just a SLUT stop away from home. The excitement was not palpable, though the beer and wine were free. According [...]
Posted in News | Tagged Amazon, condos, South Lake Union, Vulcan
By The Tim on May 28, 2008
Here’s our monthly look at Seattle’s price tiers from Case-Shiller. Remember that Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Now here come the graphs. First up is the straight graph of the index from January 2000 through March 2008. Click to enlarge At its peak, the [...]
Posted in Statistics | Tagged Case-Shiller, Statistics, tiers
By The Tim on May 27, 2008
The Seattle-area housing market gets some national attention in an article in today’s New York Times: While Wall Street is growing hopeful that the economy might dodge a recession, many economists warn that the pain in the housing market may last for several years. Even local markets like Seattle, which once seemed immune to the [...]
Posted in News | Tagged New York Times
By The Tim on May 27, 2008
The March Case-Shiller Home Price Index came in fairly close to, but slightly worse than the NWMLS statistics for the same month. Down 0.9% February to March. Down 4.4% YOY. According to Case-Shiller, home prices in Seattle have now declined a total of 7.3% from their July 2007 peak, and have retreated to just above [...]
Posted in Statistics | Tagged behind the cycle, California, Case-Shiller, Statistics
By The Tim on May 26, 2008
It’s official: The Seattle condo market has hit finally a wall. Here’s a little article from the Puget Sound Business Journal on Friday that goes into all the details: With more than 400 condominiums under construction in a faltering housing market, Seattle-based Vulcan Real Estate has decided to sweeten the deal for potential home buyers. [...]
Posted in News | Tagged Business Journal, condos, incentives
