Here’s a chart to help put the latest local unemployment statistics in perspective: You can see that yes, unemployment reached yet another record high in March. However, the good news is that the rate of increase in the unemployment rate has slowed significantly. For the last six months or so the unemployment rate had been…
Category: Statistics
Statistics, number-based analysis, etc.
Which is Larger: Pent-Up Demand or Pent-Up Supply?
Whenever local real estate professionals are quoted in the paper lately, it seems that one line we’ve been hearing repeated a lot is about the alleged loads of “pent-up demand” out there. The thinking goes that there are hundreds thousands upon thousands of potential buyers out there that are “waiting on the sidelines” or “sitting…
King County SFH Q1 Snapshot: The Buyer’s Market Continues
Now that the first quarter is behind us, I thought it might be instructive to give it a little context. Here’s a look at quarterly closed sales of King County single-family homes from 2000 through 2009 Q1: And here’s the same view of pending sales: …and here’s the same view of total new listings: And…
NWMLS: Price Drops and Pending Sales Both Gain Steam
Let’s check in on March market statistics from the NWMLS. When it’s posted the NWMLS press release will be here, along with links to this month’s overview pdfs. Update: The press release has been posted: Brokers report signs of improvement in “real-time” housing market Pending sales around Western Washington for the month of March reached…
Seattle Homes Still 10-20% Overpriced Compared to Rents and Incomes
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…