Okay, let’s have a look at how local home prices compare to local incomes. This is basically the same thing we’re looking at when we talk about affordability, but with interest rates taken completely out of the picture. First, let’s check out the ratio between home prices and King County median household income data from…
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.
Big Picture 2011: Price to Rent Ratio
Big Picture Week 2011 continues with an updated look at Seattle’s price to rent ratio. Here’s our chart of single-family home prices divided by annual rent: Another chart with dramatic improvement since last year’s Big Picture Week. When last we checked in on this measure (June 2010 data), the ratio was 20% above its 1990-2001…
Mid-Week Open Thread (2011-12-14)
Here is your open thread for the mid-week on December 14th, 2011. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word in…
Big Picture 2011: Examining Home Affordability
Let’s have another look at home affordability in King County. First up, the affordability index. The affordability index is based on three factors: median single-family home price as reported by the NWMLS, 30-year monthly mortgage rates as reported by the Federal Reserve, and estimated median household income as reported by the Washington State Office of…
Big Picture 2011: Case-Shiller HPI Rate of Increase
It’s time for another Big Picture Week on Seattle Bubble, in which we’ll examine a number of local home price factors and economic fundamentals from a higher level than we usually do. By eschewing our usual focus on month to month changes and taking a step back to look at trends over the last few…