local real estate news, statistics, and commentary without the sales spin.
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 couple months of changes in home prices and interest rates. So how does affordability look as of January? Roughly the same place it’s been bouncing around since last June. The index inched back up to 103.6 from 100.8 in…
This poll was active 02.16.2014 through 02.22.2014
Let’s take a closer look at how listings increased (or didn’t) in January. Here’s a view of how inventory has grown so far this year: After improving over the last few months, on-market inventory growth lost some traction in January, falling to the second-lowest level on record when compared to December. Next, here’s how many…
It’s time for our detailed look at January’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2013 King: 479 NTS, down 55% YOY Snohomish: 285 NTS, down 50% YOY Pierce: 407 NTS, down 44% YOY The number of trustee sale notices increased month-over-month in Snohomish and…