Bad news for my favorite Seattle tower: "Smith Tower owner in default on big loan" http://t.co/yAJzvtHO via @seattletimes # Foreclosures = "corporate greed"? Huh? RT @RedfinSeattle: #OCCUPY .. the weekly King County real estate auction??? http://t.co/8G0iJ4Is # Powered by Twitter Tools
Case-Shiller: Visualizing Month-to-Month Price Weakness
I came up with a new way to visualize the month-over-month price changes in the Case-Shiller Home Price Index for all twenty cities they track, which I posted over on the Redfin Seattle blog on Tuesday. I rather liked the simplicity of this new visualization, so I decided to clean it up a bit more…
Obama “Can’t Wait” to Screw with the Market Even More
Okay, as long as we’re talking politics this week, let’s just dive in head first. I’d like to discuss the latest federal “relief” plan that made news this week. Here’s an AP story from Monday: Obama Offers Mortgage Relief on Western Trip LAS VEGAS — President Barack Obama offered mortgage relief on Monday to hundreds…
Case-Shiller Tiers: Low Tier Bleeding Stops (For Now)
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: Summer is Over for Seattle Home Prices
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data, Down 0.3% July to August. Down 6.1% YOY. Down 28.7% 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 five months in a…