local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data that was released today, Seattle-area home prices were: Up 0.5 percent October to November Up 9.7 percent YOY. Down 3.2 percent from the July 2007 peak Over the same period in 2014 prices were down 0.3 percent…
It’s been almost a year since we last took a high-level view of the local housing market and considered whether or not we’re experiencing Housing Bubble 2.0. Let’s step back and take another look at the big picture. Current Market Highlights standing inventory is at an all-time low new listings are at an all-time low…
After setting a new all-time low inventory level in November, listings dropped off dramatically yet again to set another new all-time low in December. Here’s hoping we see somewhat of a turnaround in inventory for 2016. If not, expect another overheated year.
Now that the last month of 2015 is behind us, let’s have a look at our monthly stats preview. Sales actually rose in both counties month-over-month, as inventory fell to new all-time lows. Foreclosure notices are near their low points, and inched up from November in both counties.
A few weeks ago I had the privilege of attending an early screening of the upcoming movie “The Big Short.”
I’m not a movie critic, and I don’t typically write reviews, but given how closely related the film’s contents are to the topics we have covered on this blog over the last ten years, I do want to share my thoughts and reactions to the movie.