The @SeattleTimes tries to explain why property taxes go up when home values decline. http://is.gd/Do1WYn # Extreme housing affordability: Living in a rowboat under the 520 bridge. http://is.gd/Ik35Rk on @SeattleTimes via @CurbedSeattle # via @SeattleTimes – "Mastro agrees to $7.1 million judgment" http://is.gd/ysW25c # Nice homes selling fast does not necessarily mean "the market is…
Month: April 2011
Claim: Seattle Real Estate Market Suddenly Heating Up
Full disclosure: The Tim is employed by Redfin. Wednesday afternoon, Redfin CEO Glenn Kelman posted an interesting story on Redfin’s Seattle blog: "Everything Changed in the Past Six Weeks" Bryon Ziegler, part of Redfin’s crack Capitol Hill team, just wandered into my office to talk about bidding wars. The last ten straight offers he has…
Weekend Open Thread (2011-04-29)
Here is your open thread for the weekend beginning Friday April 29th, 2011. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word…
Seattle Home Prices Average 4% Annual Gains Since 1990
I updated my chart that compares the gains in Seattle’s Case-Shiller Home Price Index with consistent annual increases at various levels, and noticed that for the first time since 1997, home prices dropped below the level of 4% annual gains since 1990. I’ve also added a plot of the Consumer Price Index for the Seattle…
Case-Shiller Tiers: Middle Tier Also Hits Double-Digit Drops
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…