Seattle Bubble

When I posted last week’s 61-year home price history, I promised a follow-up on affordability. So, here it is.
Before I get to the chart, here’s a quick refresher on what the “affordability index” is, and what it isn’t. What it is is a simple measure that shows relationship between median home prices, median [...]

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A while back (September 2006, to be more precise) the Seattle Times published a 22-year “analysis” of King County home prices, which essentially came to the conclusion that Seattle would be immune to the home price drops that were beginning to occur elsewhere around the country. Their graph of local home prices going back [...]

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Uh-oh…
Home prices go negative for first time in 11 yearsCase-Shiller price index shows prices falling in 17 of 20 cities in January
WASHINGTON (MarketWatch) — U.S. home prices continued to fall in January, with prices in 10 major cities now down 0.7% year-over-year, according to Standard & Poor’s and MacroMarkets LLC, which released the January Case-Shiller [...]

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