Just-released data on open house traffic, phone calls placed to realtors, and casual searches at online listing sites, all point to a single, undeniable conclusion: April 2010 is the bottom of Seattle’s minor real estate adjustment. Look at this highly reliable chart of OPEN HOUSE TRAFFIC©®™ sent to me by a trustworthy leading industry representative:…
Case-Shiller Tiers: All Three Tiers Hit a New Low
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: Seattle Home Prices Fall From 2009 Plateau
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data, Down 1.7% December to January. Down 0.6% December to January (seasonally adjusted). Down 6.0% YOY. Down 24.5% from the July 2007 peak Last year prices fell 3.6% from December to January (not seasonally adjusted) and year-over-year prices…
Foreclosures: Better to let them happen
Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of…
Poll: If commute were not an issue, which county would you prefer to live in?
This poll will be active and displayed on the sidebar through 04.03.2010.