Inspired by this post from Rich Toscano down in San Diego showing that home prices there have reached historically reasonable levels when compared to rents and incomes, I thought I would put together some similar charts for Seattle to see how close we are to reasonable home prices. Here’s the chart for home prices 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: Year-over-year Declines Rapidly Approach 20%
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. First up is the straight graph of the index from January 2000 through January 2009. All three tiers continued their steep declines in…
Mid-Week Open Thread (2009-04-01)
Here is your open thread for the mid-week on April 1st, 2009. 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 Just Shy of 20% off Peak
[Special Announcement] On Monday April 27th at 1:00pm, Robert Shiller (the Shiller in Case-Shiller) will be giving a lecture at Seattle Pacific University. The event is free and open to the public. More information on the SPU website. For those unable to attend, I will be taking notes and will most likely make a post…
February Neighborhoods Months of Supply Update
[Note: I apologize again for the tardiness of this regularly-scheduled set of charts. Same story as this month’s Around the Sound update—working on a cool new feature that wasn’t quite ready this month.] Here’s your look at February’s “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months…