J. Lennox Scott in March (original post deleted, screenshot here): …if interest rates increase by one-half point from the current rate, as has been predicted by many economists, a buyer with a loan amount of $200,000 will lose approximately $11,000 in purchasing power. … The interest rate differential can be applied to all buyers in…
How Will Ubiquitous Freeway Tolls Affect Home Prices?
With tolls of $1 to $5 per crossing coming to a floating bridge near you in less than a year and local governments planning to add tolls to every freeway as early as 2030, now is a good time to think about how adding such per-use fees to our freeways might affect the home prices…
Case-Shiller Tiers: Seattle Home Tiers Mixed in March
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: Flat is the New Up
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Up 0.1% February to March. Down 3.6% YOY. Down 25.3% from the July 2007 peak Last year prices fell 2.0% from February to March and year-over-year prices were down 16.4%. Quick check: Is Bloomberg still running nonsense…
Top Three Improvements to Sell Quickly?
Great question in today’s open thread: What are the top three things you would spend money on to get a house sold quickly? Here are my top three: curb appeal serious cleaning staging By “curb appeal” I mean literally anything that is visible from the curb. You want your home to make the best possible…