Okay let’s revisit the discussion on local incomes once more. First up, I’d like to highlight the top comment from Monday’s discussion, posted by “gr8day”: I make less today than I did 6 years ago. So does my barber, my brother, my next door neighbor, best friend, pastor at church, and most of the people…
Author: The Tim
Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Case-Shiller Tiers: Low Tier Nearly in the Black
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…
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…