The latest issue of Sound Housing Quarterly has been published (Q1 2010). Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble. Here are a couple of highlights from the first quarter issue. The Real Estate Heat Index (a proprietary index I created that uses supply, demand, and home prices to calculate the general…
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 Dropping Like a Rock
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 (2010-04-28)
Here is your open thread for the mid-week on April 28th, 2010. 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: Seattle Home Prices Pass 25% Off Peak
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to February data, Down 1.1% January to February. Down 5.6% YOY. Down 25.3% from the July 2007 peak Last year prices fell 1.5% from January to February and year-over-year prices were down 15.4%. Hilariously, Bloomberg continues to run a headline…
Historic Growth Rates of King County Home Prices
A reader emailed last week, requesting some information on the historic rate of price growth for King County home prices, in order to make a more educated guess when making buy-vs-rent calculations. To that end, I am providing the following charts and table. First up is the average growth rate for King County Single-Family homes…