Affordable Home Price Climbs Above Median Price

Affordable Home Price Climbs Above Median Price

As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage […]

Affordability Index Bounces Back Above 100

Affordability Index Bounces Back Above 100

Let’s take a look at how affordability is doing in the Seattle area after the last few months of changes in home prices and interest rates. So how does affordability look as of October? With home prices stagnating this fall and interest rates inching back down close to 4 percent, the affordability index moved back […]

Foreclosures Up Slightly September to October

Foreclosures Up Slightly September to October

It’s a bit past time for our detailed look at October foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: October 2014 King: 389 NTS, down 25% YOY Snohomish: 216 NTS, down 32% YOY Pierce: 343 NTS, down 26% YOY The number of trustee sale notices was down […]

NWMLS: Prices Sag as Sales Stay Strong

NWMLS: Prices Sag as Sales Stay Strong

October market stats were published by the NWMLS today. They haven’t published their press release to its typical location yet, so let’s just dive right into our usual monthly stats. CAUTION NWMLS monthly reports include an undisclosed and varying number ofsales from previous months in their pending and closed sales statistics. Here’s your King County […]

October Stats Preview: Late Sales Rally Edition

October Stats Preview: Late Sales Rally Edition

With October now in the past, let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a […]

Price Gains Shrinking in All Twenty Case-Shiller Cities

Price Gains Shrinking in All Twenty Case-Shiller Cities

It’s been a few months since we last had a look at my favorite alternative Case-Shiller charts. First up, let’s have a look at the chart that depicts the count of cities showing second derivative (month-over-month changes in the year-over-year changes) gains or losses. For the last three months of data, every single city has […]

Case-Shiller Tiers: High Tier Leads Autumn Decline

Case-Shiller Tiers: High Tier Leads Autumn Decline

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 […]