Washington State’s latest unemployment statistics came out yesterday, and King County came in with a staggering 8.0% unemployment rate. To put this in context, I created the following graph, which charts local unemployment back to 1990 (as far as I can locate data), and compares it to the nationwide unemployment rate as well as “official”…
Category: Statistics
Statistics, number-based analysis, etc.
Unemployment Rising Four Times Faster than Previous Recessions, Foreclosures Rising Three Times Faster
By request, here is a chart showing Notices of Trustee Sale and Unemployment. Note that the scale for each data set is different to allow their rates of change to be more easily compared. The chart above shows the monthly percentage of households receiving a Notice of Trustee Sale (on the left axis) and the…
Foreclosures Still Rising Rapidly Around Puget Sound
Time for our February update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: February 2009 King: 838 NTS, up 99% YOY Snohomish: 414 NTS, up 100% YOY Pierce: 663 NTS, up 59% YOY Here’s a simple look at how February’s foreclosures compare to the same month…
Median Prices Down Over 50% in Parts of King
Although the median price has its drawbacks, it does at least give us a reasonably accurate measure of the general direction and magnitude of price changes in an area. While we have had regular monthly updates on the county-wide median prices, we haven’t really taken a look at the price breakdowns by neighborhood for a…
NWMLS: No Signs of a Housing Market Bottom in February
Let’s check in on February market statistics from the NWMLS. First up, the NWMLS press release. Home buyers appear to be in a “mental filibuster,” according to one real estate executive upon seeing the latest figures from Northwest Multiple Listing Service. The report on February activity for 19 counties across Washington shows slight gains in…