Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to September data, Down 0.6% August to September. Down 2.6% YOY. Down 24.6% from the July 2007 peak Last year prices fell 0.4% from August to September and year-over-year prices were down 13.8%. The post government-meddling double-dip continues unabated. So…
November King Co. SFH Closed Sales to Drop Below 1K?
Quick note: According to a search of closed SFH sales in the last month on Redfin, just 763 homes have sold in King County during that time (as of 9:00 AM this morning). I assume a relatively large number of sales may be back-logged from the long holiday weekend, but even if two hundred homes…
Poll: Neighborhood Smackdown: Ballard vs. Capitol Hill
This poll was active 11.28.2010 through 12.04.2010.
Weekly Twitter Digest (Link Roundup) for 2010-11-27
RT @realestatepi: Report: Seattle has more than a year's worth of distressed homes http://bit.ly/bKRNtK # RT @KellyGilblom: FDIC: Fewer banks in WA and less loans http://t.co/AEKqkUG via @bizjournals # RT @spencerrascoff: Some economists did predict the housing crash. But most didn't. http://scr.bi/9pGqKm # RT @spencerrascoff: Good post by @robhahn arguing that the # of real…
Friday Flashback: “Prices climb without a hiccup.”
For anyone who wonders why I pay little to no attention to Forbes when it comes to real estate, here’s a little flashback from late November 2007, four months after home prices peaked in Seattle. Scaled-back lending practices, risky loans, oversupply and low demand continue to plague the nation’s housing markets, driving down prices and…