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 […]

Surefield Expands from 3D Tours in Attack on Commissions

Surefield Expands from 3D Tours in Attack on Commissions

Surefield, the local 3D home tour brokerage launched in April by a pair of Redfin veterans and a former Nvidea tech wizard, is expanding their mission to attack buyer’s agent commissions… from the seller’s side. Here’s an excerpt from their press release: Surefield is dramatically lowering buy-side commissions to bring the U.S. residential real estate […]

Seattle Advisory Committee to Study Affordable Housing

Hat tip to the West Seattle Blog, who yesterday posted about a City of Seattle advisory committee on affordable housing. The city is gearing up to attempt to “develop a bold agenda for increasing the affordability and availability of housing in our city by convening a Housing Affordability and Livability Advisory Committee.” Here are some […]

Seattle & South King Sales Up as Eastside Sales Slip

Seattle & South King Sales Up as Eastside Sales Slip

It’s time once again to take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South […]