Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Up 1.0% March to April. Down 2.8% YOY. Down 24.5% from the July 2007 peak Last year prices rose 0.2% from March to April and year-over-year prices were down 16.8% (the largest YOY decrease on record). Looks…
How can falling home values = rising property taxes?
Since property tax season has rolled around here in the Seattle area again, I thought it might be a good time to demystify one aspect of property taxes that has often confused home owners during this housing bust. If you’re like many local home owners, the county’s assessment of your home has probably dropped around…
Poll: The stimulus worked (or is working, or will work).
This poll was active 06.27.2010 through 07.03.2010.
Weekly Twitter Digest (Link Roundup) for 2010-06-26
Was the Kirkland Mansion grab just a publicity stunt to promote a shady housing scam operation? Maybe. http://is.gd/cWA2X # via Mish: "HAMP" Program a Failure; Another Huge Wave of Foreclosures Coming http://is.gd/cY4gS # RT @mattgoyer: Redfin's writing a guide to getting pre-approved and understanding financing. We'd love feedback: http://bit.ly/9XPooE # Interesting article in @PubliColaNews about…
Does anyone pursue actual home ownership anymore?
I’m hoping the readers of Seattle Bubble can help me out with something. First, a little background on my perspective. My parents bought their first house in 1987, when they were about 30 years old. They paid $45,000 for the modest 1,288 square foot, 3-bedroom, 1.75-bath house pictured below. They refinanced once in the ’90s…