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…
Category: Statistics
Statistics, number-based analysis, etc.
Case-Shiller: Seattle Still Being Left Out of the Summer Party
It’s that fun time of the month once again. That’s right, time for the latest data from the Case-Shiller Home Price Index. According to August data, Up 0.1% July to August. Down 0.2% July to August (seasonally adjusted) Down 14.7% YOY. Down 22.2% from the July 2007 peak Last year prices fell 0.7% from July…
Where the Jobs Are (and Aren’t), September 2009
Here’s a quarterly check on the jobs situation around Seattle, courtesy of data from the Washington State Employment Security Department. The style of these charts are stolen from the excellent San Diego housing reporter Rich Toscano. First up, here’s a two-year chart (stolen from my subscription journal Sound Housing Quarterly) of the year-over-year change in…
Estimating the Local Effects and Aftermath of the $8,000 Tax Credit
Organizations like the National Ass. of Realtors and the National Ass. of Home Builders have been throwing around estimates of how many sales have been “stimulated” by the $8,000 tax credit nationwide, and a recent editorial by Washington State Treasurer James McIntire in favor of the inefficient, expensive, and economically stupid program throws out a…
Seattle-Area Foreclosures Appear to Resume Pre SB-5810 Rise
Time for our September update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2009 King: 796 NTS, up 31% YOY Snohomish: 421 NTS, up 42% YOY Pierce: 479 NTS, down 11% YOY Not surprisingly, as the newly-mandated 30-day pipeline begins to fill up, foreclosures seem…