Since we looked at the affordability index yesterday, Let’s have an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the median household income could afford to buy at today’s mortgage rates…
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.
Weekend Open Thread (2012-09-21)
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 weekend beginning Friday September 21st, 2012. You may post random links and off-topic discussions here. Also, if you have an…
How Would 6% Mortage Rates Affect Affordability?
In the comments on yesterday’s post, reader “Topdog” posed the following question: So the Fed stops playing funny money, lets interest float to market rate. Lets say a reasonable 3% premium plus the 3% inflation premium which puts high quality new mortgages at about 6%. How does that affect buyer affordability? That’s a question we…
Non-Distressed Median Price Up 2.1% from August 2011
Here’s a follow-up to the breakdown of prices by distress status, first posted on these pages in July. As of August, the non-distressed median price for King County single family home sales sits at $423,900, up 2.1% from a year earlier. This down slightly from July’s increase of 2.5%, but the last four months have…
Mid-Week Open Thread (2012-09-19)
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 19th, 2012. You may post random links and off-topic discussions here. Also, if you have an idea…