local real estate news, statistics, and commentary without the sales spin.
I am happy to announce that after suffering years of neglect and disarray, the Seattle Bubble Forums are back and better than ever.
With visits and comments here heating up as the market rises further and further into new bubble territory, I decided it was time to put in the work to bring our old forums back from the grave…
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 April data, Seattle-area home prices were: Up 1.4% April to May Up 7.4% YOY. Down 6.1% from the July 2007 peak Last year at this time prices rose 1.4% month-over-month and year-over-year prices were up 9.3%. The Seattle area’s…
Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one. During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. I don’t listen to the radio that often, but in the rare instances…
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 July 27th, 2015. You may post random links and off-topic discussions here. Also, if you have an idea…