Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Up 0.7% May to June. Down 6.4% YOY. Down 28.5% from the July 2007 peak Last year prices were flat from May to June and year-over-year prices were down 1.8%. Seattle’s Case-Shiller index has risen now for…
Category: Statistics
Statistics, number-based analysis, etc.
New Construction Price per Square Foot On Par w/ Resales
A reader requested that I run an update of the post I put together a year ago: Is New Construction Getting Cheaper or Just Smaller? Here are the updated charts comparing the size and price per square foot of new construction and re-sales since April 2009: As you might expect, new construction continues to be…
Redfin: Summer Not so Hot for Local Real Estate
Full disclosure: The Tim is employed by Redfin. Last Friday Redfin released their July market data. Here’s an excerpt from the narrative (which I did not write this month): Redfin Capitol Hill Team Lead agent Allie Howard says: “I give the summer of 2011 an “F” for frustration! Sellers are frustrated as prices of comparable…
Foreclosures: Still Falling, Unclear Why
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at July’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2011 King: 731 NTS, down 48% YOY Snohomish: 407 NTS, down 41% YOY Pierce: 423 NTS, down 52% YOY Foreclosure…
Are Even More Pending Sales Falling Apart?
There was a national story that circulated late last month that caught my interest, claiming that “Exceptionally large numbers of signed real estate contracts fell apart last month.” Here’s a brief excerpt: Economic uncertainty leads to canceled home contracts Are homebuyers walking away in droves from the contracts they’ve signed? Or are they essentially fouling…