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Seattle Bubble Forum Archive • View topic - Reuters: Seattle, Manhattan could be next housing downturn

Reuters: Seattle, Manhattan could be next housing downturn

Anything and everything relating to Seattle-area real estate.

Moderators: synthetik, The Tim, Lake Hills Renter

Reuters: Seattle, Manhattan could be next housing downturn

Postby The Tim » Tue Feb 19, 2008 12:34 pm

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Re: Reuters: Seattle, Manhattan could be next housing downturn

Postby deejayoh » Tue Feb 19, 2008 12:51 pm

I've been looking at the radarlogic data pretty closely for the last couple of months. It's nice that you can get daily updates, and apparently they are kicking case-shiller's butt on trading volume.

According to their data, Seattle "peaked" on 6/26/07 at $236.07/sq ft - and is off 7.5% from that per their latest quote ($218.38 as of 12/14/07). Based on the 28-day moving average that's an annualized rate of decline of just over 16%!!!

I can't seem to find futures quotes for Seattle.rpx index. That would be interesting data to have.
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Re: Reuters: Seattle, Manhattan could be next housing downturn

Postby Lake Hills Renter » Tue Feb 19, 2008 2:55 pm

But haven't you heard, Tim? Microsoft is breaking ground on 100 million sq ft for 300k employees. As long as Microsoft is raising buildings, the housing market is perfectly peachy, because every employee makes $500k/yr and singlehandedly drives up net in-migration and drives down unemployment rates.
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Re: Reuters: Seattle, Manhattan could be next housing downturn

Postby perfectfire » Tue Feb 19, 2008 4:19 pm

Remember, if you rent it's not a home, it's a hovel.
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Re: Reuters: Seattle, Manhattan could be next housing downturn

Postby rose-colored-coolaid » Tue Feb 19, 2008 4:24 pm

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