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…
Case-Shiller: 2011 Heads Out with a Fizzle
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Seattle-area home prices were: Down 1.3% November to December. Down 5.6% YOY. Down 31.9% from the July 2007 peak Last year prices fell 2.0% from November to December and year-over-year prices were down 6.0%. Still nothing too…
Local Home Prices Outpaced by Inflation since 2000
A commenter brought up an interesting point over the weekend: I thought Case-Shiller showed that over time dwellings gained nothing more than inflation. Let’s see how Seattle’s Case-Shiller index has performed compared to inflation since 2000. In the chart below I’ve plotted Seattle’s Case-Shiller Home Price Index (which comes from the factory indexed to January…
Poll: 2012 to 2017: Monetary…
This poll was active 02.26.2012 through 03.03.2012
Weekly Twitter Digest (Link Roundup) for 2012-02-25
Hah! Builder "calculator" aims to "open the eyes of home shoppers to the 'dark side' of foreclosures" http://t.co/FjwOyURz via @SeattleTimes # False claim in that article: That buyers of foreclosures purchase "typically with no professional inspection." http://t.co/FjwOyURz # Random: "The Bronson Pinchot Project" a TV show where he restores old homes. (We share a birthday!)…