Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Month: September 2012
Mid-Week Open Thread (2012-09-26)
NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for the mid-week on September 26th, 2012. You may post random links and off-topic discussions here. Also, if you have an idea…
Case-Shiller: Home Prices Strengthen Into Summer
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data, Seattle-area home prices were: Up 1.4% June to July. Up 3.1% YOY. Down 26.3% from the July 2007 peak Last year prices rose 0.1% from June to July and year-over-year prices were down 6.4%. Another month of…
Will Local Incomes Climb or Fall in the Coming Years?
A few of you took issue with the assertion I made in Thursday’s post: Eventually [mortgage interest rates] will go up, but it will probably be a gradual climb, and by the time they get to 6%, incomes will also be higher. Here are a few examples of your criticisms. From Pegasus: Putting your faith…
Monday Open Thread (2012-09-24)
NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for Monday September 24th, 2012. You may post random links and off-topic discussions here. Also, if you have an idea or a…