local real estate news, statistics, and commentary without the sales spin.
It’s time for another check in on Consumer Confidence. Here’s the data as of June: At 69.2, the Present Situation Index has gained 243% from its December 2009 low point, and sits at its higest level since June 2008. The expectations index also rose in June, gaining 11% from its May level. Apparently rising rates…
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…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 2.7% March to April Up 11.4% YOY. Down 22.5% from the July 2007 peak Last year prices rose 2.0% from March to April and year-over-year prices were down 1.0%. Nothing surprising about…
With mortgage interest rates having risen a full point over the last two months, there has been a lot of renewed talk about how interest rates will affect the housing market. We talked about this recently (Déjà Vu: Mortgage Interest Rates Panic), but I thought now would be a good time to post a collection…
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 week of June 24th, 2013. You may post random links and off-topic discussions here. Also, if you have an idea…