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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.
Bubbles vs. Steady Appreciation
Here’s an interesting way to look at the Case-Shiller data: comparing the actual index values to theoretical values as they would look if they grew at a steady rate year-over-year. The data starts in 1990 because that is the first year that the Case-Shiller index began tracking Seattle. 1990 may not be the best year…
Case-Shiller Tiers: Spring Bounce Erased
Here’s our monthly look at Seattle’s price tiers from Case-Shiller. Remember that Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Now here come the graphs. First up is the straight graph of the index from January 2000 through May 2008. Click to enlarge As you can see,…
Case-Shiller: Let the Decline Continue
Last month’s Case-Shiller data showed a slight increase in prices month to month, possibly signaling the end of the bust for Seattle. Or not. This month’s Case-Shiller Home Price Index would seem to indicate that the bust is not over yet. Down 0.5% April to May. Down 6.3% YOY. Last year prices rose 0.95% from…
June Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. I apologize for the tardiness, I was hoping to have the color-coded map ready by this month’s update,…