local real estate news, statistics, and commentary without the sales spin.
Let’s check in on how Consumer Confidence and mortgage interest rates fared during January. First up, here’s the Consumer Confidence data as of March: At 81.0, the Present Situation Index increased 0.7% between February and March, and is up 34% from a year earlier. The Present Situation Index is currently up 301% from its December…
This poll was active 03.30.2014 through 04.05.2014
A reader requested an update to the second derivative chart of Seattle home prices, so here we go. This is a chart of the rate of change in the year-over-year change—the second derivative. For a more detailed explanation and some highlights of past inflection points, check out the original 2012 introduction of this chart. Here’s…
Before we put away the January Case-Shiller data, let’s have a look at my favorite alternative Case-Shiller charts. First up, let’s take a look at the twenty-city month-over-month scorecard. Here’s the original post introducing this chart if you’d like more details. Click the image below for a super-wide version with the data back through 2000….
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…