By The Tim on May 23, 2013
It has been over four months since we had a look at the local affordability index, So let’s have a look at what the numbers look like with the price increases we’ve seen so far this year through April. As a reminder, the affordability index is based on three factors: median single-family home price as [...]
Posted in Counties, Statistics | Tagged affordability, big-picture, fundamentals, Interest Rates
By The Tim on January 14, 2013
Since we looked at the affordability index last week, Let’s have 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 median household income could afford to buy at today’s mortgage [...]
Posted in Counties, Statistics | Tagged affordability, big-picture, fundamentals, Interest Rates
By The Tim on January 10, 2013
It has been a while since we had a look at the local affordability index, and now that we’ve got all of the data for 2012, it seemed like a good time to take another look. As a reminder, the affordability index is based on three factors: median single-family home price as reported by the [...]
Posted in Counties, Statistics | Tagged affordability, big-picture, fundamentals, Interest Rates
By The Tim on October 26, 2012
Readers may recall the following prediction from Goldman Sachs in June 2010: Goldman: Seattle Home Prices to Fall 22% More by 2012 Following their earlier collapse, house prices appear caught in a cross current. On the one hand, there are indications that prices may have bottomed. While alternative house price indices differ in details, they [...]
Posted in Features, Statistics | Tagged fundamentals, Goldman-Sachs, predictions
By The Tim on September 21, 2012
Since we looked at the affordability index yesterday, Let’s have 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 median household income could afford to buy at today’s mortgage rates [...]
Posted in Counties, Statistics | Tagged affordability, big-picture, fundamentals, Interest Rates
By The Tim on September 20, 2012
In the comments on yesterday’s post, reader “Topdog” posed the following question: So the Fed stops playing funny money, lets interest float to market rate. Lets say a reasonable 3% premium plus the 3% inflation premium which puts high quality new mortgages at about 6%. How does that affect buyer affordability? That’s a question we [...]
Posted in Counties, Statistics | Tagged affordability, big-picture, fundamentals, Interest Rates
