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: Spring Still Bouncing, But Weakened Further
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Up 0.7% May to June. Down 6.4% YOY. Down 28.5% from the July 2007 peak Last year prices were flat from May to June and year-over-year prices were down 1.8%. Seattle’s Case-Shiller index has risen now for…
The Problem with Real Estate Reporting
I was browsing Google News this morning and came across the headline combo you see below: What a perfect example of the problem with most real estate reporting. Same data, polar opposite headlines. Reporters telling the story they want to tell, regardless of what is actually going on in the market. So did pending sales…
The Return of the Pink Pony!
So I’ve spent most of this weekend attending the Penny Arcade Expo (PAX) at the Washington State Convention Center downtown. Yesterday there was a sight on Pike street that was just too good not to share with you: The pink pony has returned to Seattle! I swear I had nothing to do with this. Turns…
Poll: Gold is a ______ investment than real estate today.
This poll was active 08.28.2011 through 09.03.2011.