J.D. Roth over at Get Rich Slowly put up a post Wednesday about renting vs. buying, sort of a follow-up to my 2007 post over there. In it, he said that he couldn’t find any info on current price-to-rent ratios around the country, so I thought I would update the list I put up back…
Affordability Rose Despite Market Heat-Up in Q4
The latest issue of Sound Housing Quarterly has been published (Q4 2009). Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble. With this latest release we have made a few notable changes. First and probably most interesting to the readers here is a new lower price. Now you can subscribe for a full…
Case-Shiller Tiers: All Three Tiers Turn Negative
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 Hit New Low in Nov.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Down 0.5% October to November. Up 0.3% October to November (seasonally adjusted) Down 10.6% YOY. Down 22.7% from the July 2007 peak Last year prices fell 2.5% from October to November (not seasonally adjusted) and year-over-year prices…
Confidence Slows Recovery, Housing Bottom Still to Come
It would appear that our old friend Bill Virgin (formerly of the print P-I), is now writing a weekly column for the Tacoma News Tribune. Here are a few excerpts from his latest piece regarding what we may expect to see in store for the local economy in 2010: 2010 recovery will hinge on confidence…