The latest issue of Sound Housing Quarterly has been published (Q2 2010). Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble that I created to provide a single consolidated and consistent source of high-level local housing market stats and analysis.
Here are a couple of highlights from the second quarter issue.
The Real Estate Heat Index (a proprietary index I created that uses supply, demand, and home prices to calculate the general “heat” of the housing market) bumped up in Q2 in all eight of the Puget Sound Counties I track. Here’s a look at King, Snohomish, Pierce, and Kitsap:
Meanwhile, affordability reversed course, falling in all eight counties, thanks to slight increases in median home prices.
The full version of Sound Housing Quarterly includes detailed data and analysis for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
Head over to HousingQuarterly.com to subscribe to Sound Housing Quarterly. You can also download a free single-page summary of this quarter’s report, or drop by the free archive to check out the 2008 Q3 through 2009 Q2 reports in full at no charge.
00
Is this a dead cat bounce?
Or is this the road to recovery?
This is what I want to know.
Rate this comment:
0 
0
let the anarchy begin!!!…They are ALL coming back……..Not a matter of IF ……..just when………
http://www.cnbc.com/id/15840232?video=1554697357&play=1
Rate this comment:
0 
0
RE: David S @ 1 – I’m thinking dead cat bounce. Demand jumped due to the govt’ handout and now that it’s gone, ARM’s still resetting, foreclosures still high the supply side will outweigh the previously inflated demand and we will get back into our reset path.
Rate this comment:
0 
0
Conventional wisdom is that real estate is local, not national, but it just might have taken another step forward the last year and is now house to house, not local.
Rate this comment:
0 
0
By David S @ 1:
America: Death Before Price Discovery ™
Rate this comment:
0 
0
Dead Cat Bounce. If I had a band, I’d name it. . .
Things that signal a true bottom:
Consistently falling unemployment, or even better a rising percentage of the population employed
Rising personal incomes
Easing financing qualifications
Growing inflation expectations.
None of the above are even on the horizon at this time.
Rate this comment:
0 
0
RE: Scotsman @ 6 –
Actually, Greenspan, Paulson, Bernanke and Geithner Amazed Me the Last 11 years
When I bought the least amount of real esate I could in 1999 I projected current population density impacts and slam dunk wage mitigation continuing, thus I predicted a price bubble in about 2004, on my educated guess. Well, Greenspan and his gang kept the toxic asst circus going an extra 3 years….kudos for them….LOL
Almost everyone thought I was crazy back them for projecting a price bubble, and the 1999 realtor even told me I could easily afford and qualify for twice the house I bought [even paying sizable alimony at that time]…LOL
After the 2007 bubble pop, they now call me Mr. Softwarengineer….LOL
There’s a few other higher incomes like me that thought the same thing in my neighborhood and we all smile at each other when we get our mail from the lock boxes. Our real estate losses were moot.
I heard the President of PEMCO sold his house in 2007 and is renting now….a very shrewd investor :-)
Rate this comment:
0 
0
Geithner is the one that is amazing me. Every time I see him I think he looks very uncomfortable stating the administration’s position as being his opinion.
Rate this comment:
0 
0
By Scotsman @ 6:
wrong. I’ll give you some time to fact check!
Rate this comment:
0 
0
By softwarengineer @ 7:
PEMCO lost a ton on Freddie/Fannie preferred stock…
Rate this comment:
0 
0
RE: Kary L. Krismer @ 8 –
Lying is hard.
Rate this comment:
0 
0
By Scotsman @ 11:
Not if you’re a real estate agent, or Treasury Secretary.
The only thing I’ve really paid attention to about Geithner is that he was unable to sell his house in Connecticut, and had to rent it out instead.
Rate this comment:
0 
0
RE: Ira Sacharoff @ 12 – He should have proposed a tax credit for buyers of homes of Obama appointees.
Rate this comment:
0 
0
Reading this posts headline really made me wonder if we aren’t looking at a single fly on the side of an elephant.
Even though we demand market players and elected officials maintain this illusion, systemically, it doesn’t seem we can expect to have things both ways – perpetually affordable while perpetually increasing in value. One or the other has to give.
Rate this comment:
0 
0