Talk about the global and national economy to your heart’s content, as much as it takes to get it out of your system so the rest of the site can stick to real estate and housing. For previous economic open threads, click here. As of 09/07/2010, global economic comments that do not directly relate to…
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 Just Keeps Falling
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 (2011-08-31)
Here is your open thread for the mid-week on August 31st, 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…
Case-Shiller: Spring Still Bouncing, But Weakened Further
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Up 0.7% May to June. Down 6.4% YOY. Down 28.5% from the July 2007 peak Last year prices were flat from May to June and year-over-year prices were down 1.8%. Seattle’s Case-Shiller index has risen now for…
The Problem with Real Estate Reporting
I was browsing Google News this morning and came across the headline combo you see below: What a perfect example of the problem with most real estate reporting. Same data, polar opposite headlines. Reporters telling the story they want to tell, regardless of what is actually going on in the market. So did pending sales…