Yesterday Calculated Risk wrote an interesting post looking at what housing is telling us as a leading indicator of the economy: Historically the best leading indicator for the economy (and employment) has been housing. … So here is a review of the three monthly leading indicators: Housing Starts: Housing starts are moving sideways… Builder Confidence:…
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.
Consumer Confidence Falls 10 Points in February
Here’s a mini-roundup of different takes on yesterday’s Consumer Confidence Index release: The Big Picture: What Happens When Consumer Confidence Falls 10-Points? Zero Hedge: Spinning The Consumer Confidence Number Mish’s Global Economic Trend Analysis: Consumer Confidence Plunges To 46 Mish’s Global Economic Trend Analysis: Is Consumer Confidence a Contrarian Indicator? Click through below for an…
Case-Shiller Tiers: Low Tier Still Flatlining
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 (2010-02-24)
Here is your open thread for the mid-week on February 24th, 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 Prices Headed South for Winter
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Down 0.7% November to December. Up 0.2% November to December (seasonally adjusted). Down 7.9% YOY. Down 23.3% from the July 2007 peak Last year prices fell 3.6% from November to December (not seasonally adjusted) and year-over-year prices…