local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the jobs data for February and how the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. In February the Seattle area’s unemployment rate hit its lowest level since September 2008 at 5.1%. The national unemployment rate is still a bit higher at 6.7%, also roughly…
With March now behind us, let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line…
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…