April 30, 2006, The Seattle Times: Act fast: In many Seattle neighborhoods, few homes are for sale And so it continues to go in close-in Seattle and Eastside neighborhoods, as scores of well-qualified buyers like the Maxwells outnumber properties for sale, particularly those priced under $500,000. This is forcing buyers into lightning-fast decisions and bidding…
Leading Housing Indicators Point to a Flat Economy
Yesterday Calculated Risk wrote an interesting post looking at what housing is telling us as a leading indicator of the economy: Historically the best leading indicator for the economy (and employment) has been housing. … So here is a review of the three monthly leading indicators: Housing Starts: Housing starts are moving sideways… Builder Confidence:…
Consumer Confidence Falls 10 Points in February
Here’s a mini-roundup of different takes on yesterday’s Consumer Confidence Index release: The Big Picture: What Happens When Consumer Confidence Falls 10-Points? Zero Hedge: Spinning The Consumer Confidence Number Mish’s Global Economic Trend Analysis: Consumer Confidence Plunges To 46 Mish’s Global Economic Trend Analysis: Is Consumer Confidence a Contrarian Indicator? Click through below for an…
Case-Shiller Tiers: Low Tier Still Flatlining
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 Prices Headed South for Winter
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Down 0.7% November to December. Up 0.2% November to December (seasonally adjusted). Down 7.9% YOY. Down 23.3% from the July 2007 peak Last year prices fell 3.6% from November to December (not seasonally adjusted) and year-over-year prices…