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: Seattle Home Prices Fall into Fall
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to September data, Seattle-area home prices were: Down 1.1% August to September. Down 6.5% YOY. Down 29.5% from the July 2007 peak Last year prices fell 0.8% from July to August and year-over-year prices were down 2.4%. After increasing for…
Washington State Budget Woes: Where’s the Beef?
This is fairly off-topic (although we have covered this subject occasionally in the past), but with all the teeth-gnashing I’ve been reading about lately regarding the latest round of supposedly major cuts required to keep state spending in line with revenues, I thought it might be interesting to look at a couple of charts on…
What Does “Affordable” Mean to You?
Good comment from Jonness on this week’s poll: Personally, I would not feel comfortable leveraging into a $360K loan on a $100K income at a time where a significant risk of price declines exists. But, apparently many people have no problem with this. From what I’ve read, many people actually consider 28% of gross annual…
Poll: If your household income were $100,000, how expensive a home would you be comfortable buying?
This poll was active 11.27.2011 through 12.10.2011.