Let’s take one more look at this week’s Case-Shiller data. Specifically, the rate of change in the year-over-year rate of change, also known as the second derivative. First, let’s take a look at the direction the second derivative is moving in the 20 cities tracked by Case-Shiller. In this chart green dots represent cities with…
Month: July 2014
Case-Shiller Tiers: Softer May in All Three Tiers
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 Price Growth Cooled in May
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 1.4% April to May Up 9.3% YOY. Down 12.6% from the July 2007 peak Last year prices rose 3.1% from April to May and year-over-year prices were up 11.9%. Although prices are…
Zillow + Trulia = Love Forever
After swirling rumors and speculation last week, it is now official: Zillow and Trulia announced this morning that they will merge. Trulia shareholders will get 0.444 shares of Zillow stock (Z) for every share of Trulia stock (TRLA), making the deal worth $3.5 billion at today’s prices. I’ve never been much of a fan of…
Weekly Open Thread (2014-07-28)
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 July 28th, 2014. You may post random links and off-topic discussions here. Also, if you have an idea…