It’s been a while since I’ve posted a good link roundup, and since I’ve seen a number of related stories pop up in the last couple of weeks, I thought it was a good time for one. While the housing market was definitely on fire last year, with respect to bidding wars and home price…
Month: February 2014
Undervalued to Overvalued in Less Than a Year
Local home prices gone from undervalued to overvalued in just a year. In January 2013, Seattle-area home prices as measured by the Case-Shiller Home Price Index were four or five percent below where local per capita incomes would suggest they should have been and one percent below where rents suggested. By December 2013, massive gains…
Case-Shiller Tiers: Low Tier Dripped Most in December
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…
Case-Shiller: Home Prices End 2013 On a Dip
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 0.5% November to December Up 12.4% YOY. Down 17.2% from the July 2007 peak Last year prices fell 0.5% from November to December and year-over-year prices were up 8.2%. Home prices in…
Weekly Open Thread (2014-02-24)
NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for the week of February 24th, 2014. You may post random links and off-topic discussions here. Also, if you have an idea…