local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 2.7% March to April Up 11.4% YOY. Down 22.5% from the July 2007 peak Last year prices rose 2.0% from March to April and year-over-year prices were down 1.0%. Nothing surprising about…
With mortgage interest rates having risen a full point over the last two months, there has been a lot of renewed talk about how interest rates will affect the housing market. We talked about this recently (Déjà Vu: Mortgage Interest Rates Panic), but I thought now would be a good time to post a collection…
This poll was active 06.23.2013 through 06.29.2013
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…
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…