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Affordability Declined in Q3 as Housing Market Heated Up

Posted on October 30, 2009January 19, 2010 by The Tim

The latest issue of Sound Housing Quarterly has been published. Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble. Here are a couple of highlights from the third quarter issue.

The Real Estate Heat Index (a proprietary index I created that uses supply, demand, and home prices to calculate the general “heat” of the housing market) rose in all seven Puget Sound Counties in the third quarter, but still remains below pre-bubble levels.

Real Estate Heat Index: King, Snohomish, Pierce

Meanwhile, affordability dropped in every county but Snohomish, despite interest rates in the 5s.

Affordability Index: King, Snohomish, Pierce

The full version of Sound Housing Quarterly includes detailed data and analysis for King, Snohomish, Pierce, Kitsap, Thurston, Island, and Skagit counties.

Head over to HousingQuarterly.com to subscribe to Sound Housing Quarterly. You can also download a free single-page summary of this quarter’s report, or head over to the free archive to check out last year’s Q3 report in full.

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Affordability Rose Despite Market Heat-Up in Q4

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