local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
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…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to September data, Seattle-area home prices were: Down 0.2% August to September Up 6.0% YOY. Down 11.3% from the July 2007 peak Last year at this time prices were still rising. They increased 0.3% from August to September and year-over-year…
As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage…
Let’s take a look at how affordability is doing in the Seattle area after the last few months of changes in home prices and interest rates. So how does affordability look as of October? With home prices stagnating this fall and interest rates inching back down close to 4 percent, the affordability index moved back…
It’s a bit past time for our detailed look at October foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: October 2014 King: 389 NTS, down 25% YOY Snohomish: 216 NTS, down 32% YOY Pierce: 343 NTS, down 26% YOY The number of trustee sale notices was down…