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 July 2008. Click to enlarge Price drops have resumed in…
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.
“Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble
The P-I ran an interesting little article by Aubrey Cohen today: Turmoil rattles local real estate market The recent nationwide economic turmoil appears to have intensified already prevalent skittishness among buyers and lenders — and helped persuade sellers to get real. … The turmoil has increased the fear of buying now, only to see prices…
Case-Shiller: Price Drops in Seattle Re-Accelerating
According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 1.0% June to July. Down 8.2% YOY. Last year prices rose 0.20% from June to July, and year-over-year prices were up 6.9%. Here’s the usual graph, with L.A. & San Diego offset from…
Breaking: House Votes Down $700B Bailout
Incredible. Even with voter feedback at 100 to 1 against (source), 141 Democrats and 65 Republicans still voted for the bailout. The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it. The next steps were not immediately clear but supporters were scrambling to put…
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