Case-Shiller: Seattle Real Estate is Hot, Hot, HOT!

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were:

Up 2.6 percent March to April
Up 12.9 percent year-over-year.
Up 15.7 percent from the July 2007 peak

Over the same period last year prices were up 2.1 percent month-over-month and year-over-year prices were up 10.7 percent.

Seattle home prices as measured by Case-Shiller shot up yet again to a new all-time high in April, and let the nation in month-over-month and year-over-year price gains for the third month in a row. We’re also the only market still seeing double-digit year-over-year price gains. #SeattleIsSpecial

Eric Fischer: San Francisco Housing Model

No, Seattle Affordability Is Not “Pretty Much Game Over”

A few weeks ago Stranger writer Charles Mudede published a post in which he argued that “Seattle Is Pretty Much Game Over” in terms of housing affordability. There was a time when something could have been done to avoid its entry into the locked cycle of asset value inflation, but that was a few years […]

July Reporting Roundup: Totally Not Another Bubble Edition

It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Western Washington […]

Seattle Still Not a “World Class City”

Back in the days when the housing bubble was inflating at full speed, a frequent argument trotted out by home salesmen lamely attempting to justify the ridiculously high home prices in the Seattle area was that Seattle is a “world class city,” and as such, it is reasonable to expect home prices here to be […]

Friday Flashback: Lawrence Yun: “Seattle is Underpriced”

Wow, how could I forget this gem from November 2007? National Association of Realtors “Chief Economist” Lawrence Yun: Seattle a "superstar" market Seattle is becoming a “superstar” market, where housing costs may never settle back into historical relationships to incomes, a national analyst declared on Tuesday. Speaking at the annual conference of the National Association […]

Friday Flashback: NAR’s Laughable Seattle “Analysis”

A reader emailed me recently to remind me of this amusing document published by the National Association of Realtors in 2006: Home Price Analysis for Seattle-Tacoma-Bellevue (pdf). Quoting: With home prices rising strongly in most parts of the country, there has been widespread media coverage on the possibility of a housing market bust. A thorough […]

Massive Imaginary Migration to Drive Seattle Recovery

As I was digging through local real estate stories last week, I was lucky enough to catch the following exchange on KUOW’s “Weekday” program last Thursday. Host Marcie Sillman discusses foreclosures and the Seattle-area housing market with guests Richard Hagar (real estate agent and appraiser) and Linda Taylor (housing director at the Urban League) in […]