This poll was active 06.23.2013 through 06.29.2013
Seattle-Area Price to Income Ratio Near Historic Average
It’s been a while since we’ve taken look at how local home prices compare to local incomes, so let’s update those charts. First, let’s check out the ratio between home prices and per capita income from the BEA: Overall the Seattle area is just a little bit above the long-term average, and almost entirely thanks…
Seattle-Area Adds More Jobs, Unemployment Dips Below 5%
New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Construction growth dipped again, and has fallen from a 10.2% year-over-year gain in January to 3.1% in May. With 5.7% year-over-year growth, the retail…
Can Banks Seek Deficiency Judgment in Washington State?
Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over…
Seattle Sales Gain, Cheap South King Sales Slip
Let’s take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South County (areas 100-130 &…