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January Stats Preview: A Glimmer of Hope for Inventory

The first month of 2016 is now behind us, so let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: A glimmer of hope for buyers in King […]

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Case-Shiller Tiers: High Tier Home Prices Surpass 2007 Peak

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 […]

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Case-Shiller: Seattle Home Price Gains Power Into Winter

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data that was released today, Seattle-area home prices were: Up 0.5 percent October to November Up 9.7 percent YOY. Down 3.2 percent from the July 2007 peak Over the same period in 2014 prices were down 0.3 percent […]

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State of the Seattle Housing Market: 2016

It’s been almost a year since we last took a high-level view of the local housing market and considered whether or not we’re experiencing Housing Bubble 2.0. Let’s step back and take another look at the big picture. Current Market Highlights standing inventory is at an all-time low new listings are at an all-time low […]

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NWMLS: 2015 Was the Worst Year Ever for Home Buyers

After setting a new all-time low inventory level in November, listings dropped off dramatically yet again to set another new all-time low in December. Here’s hoping we see somewhat of a turnaround in inventory for 2016. If not, expect another overheated year.

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We’re Back! December Stats Preview Time

Now that the last month of 2015 is behind us, let’s have a look at our monthly stats preview. Sales actually rose in both counties month-over-month, as inventory fell to new all-time lows. Foreclosure notices are near their low points, and inched up from November in both counties.

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Everyone Should See “The Big Short,” But Probably Few Will

A few weeks ago I had the privilege of attending an early screening of the upcoming movie “The Big Short.”

I’m not a movie critic, and I don’t typically write reviews, but given how closely related the film’s contents are to the topics we have covered on this blog over the last ten years, I do want to share my thoughts and reactions to the movie.