I couldn't agree more. @CalculatedRisk – There should be "no further housing tax credits."http://bit.ly/cuuF7F # Did you consider buying a home earlier this year, but decided not to 4 fear that prices will plummet again? Contact me 4 an AP story! # Nice. "You have to wonder sometimes what they’re smoking over there at the…
Rapid Price Discovery via Resellers’ Auctions
As a coworker and I were pondering the housing market yesterday, I wondered whether it would be possible to build a computer simulation that would provide a relatively accurate model of a perfectly efficient housing market. Unfortunately we didn’t come up with a good way to do that, but he did suggest a real-world experiment…
August Stats Preview: Continued Credit Hangover
With August in the rear view mirror, it’s time for another monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records and Snohomish County Records. If you have additional stats you’d like to see in the preview, drop a line…
Case-Shiller Tiers: Low Tier Boosted as Credit Expires
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: Tax Credit Out with a Whimper in Seattle
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Flat May to June (up 0.01%). Down 1.8% YOY. Down 23.6% from the July 2007 peak Last year prices rose 0.4% from May to June and year-over-year prices were down 16.1%. Considering that June was the last…