The time has come for our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to December data, Down 3.6% November to December. Down 13.4% YOY. Down 16.7% from the July 2007 peak Last year prices fell 1.2% from November to December and year-over-year prices were up 0.5%. It’s interesting to look at…
Month: February 2009
Puget Sound Counties January Update
Let’s check in on the January NWMLS statistics from around the sound. We’re going to try something different this month. The usual collection of charts in this post tend to be a big spaghetti mess, so we’re going to keep it simple. If you want to see the usual charts, you can still download the…
Seattle Times “$1.5M condo on 20K income” Story Full of Gaping Holes
Last Friday, the Seattle Times ran an interesting story about a “limousine driver, earning little more than minimum wage” being approved for a loan on a $1.5 million condo in Bellevue Towers. The story was also picked up by at least one of the local television news outlets, and has been making the rounds on…
Poll: Favorite Government Bailout (so far)?
Please vote in this poll using the sidebar. For more information on any of these programs, browse the “Government Meddling” tag. This poll will be active and displayed on the sidebar through 02.28.2009.
John Talbott on Spotting the Bottom in Seattle Real Estate
In yesterday’s Bottom-Calling conclusion discussion, Sniglet asked: If Mr. Talbott’s predictions were to come true, and we reverted to 1997 prices, what would those be? What percentage of a decline would we be talking about for the Seattle area? I responded: Based on the January 1997 King County SFH Median of $179,500, and using the…