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…
Month: February 2012
Mid-Week Open Thread (2012-02-29)
Here is your open thread for the mid-week on February 29th, 2012. 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 in…
Case-Shiller: 2011 Heads Out with a Fizzle
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Seattle-area home prices were: Down 1.3% November to December. Down 5.6% YOY. Down 31.9% from the July 2007 peak Last year prices fell 2.0% from November to December and year-over-year prices were down 6.0%. Still nothing too…
Local Home Prices Outpaced by Inflation since 2000
A commenter brought up an interesting point over the weekend: I thought Case-Shiller showed that over time dwellings gained nothing more than inflation. Let’s see how Seattle’s Case-Shiller index has performed compared to inflation since 2000. In the chart below I’ve plotted Seattle’s Case-Shiller Home Price Index (which comes from the factory indexed to January…
Monday Open Thread (2012-02-27)
Here is your open thread for Monday February 27th, 2012. 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 in the user-driven…