People occasionally ask why I am not a fan of Zillow. Here’s a good example, that just so happens to be Zillow CEO Spencer Rascoff’s own home…
October Reporting Roundup: Predictions and Superstitions Edition
“This time is different!”
It always is, isn’t it?
NWMLS: Sales Slip Slightly from September to October
October market stats were published by the NWMLS yesterday. I continue to be surprised that prices are not up 10 to 20 percent year-over-year, with the strong sales and weak inventory numbers we’ve seen all year…
October Stats Preview: Early Sales Dropoff Edition
Sales dropped off a decent amount month-over-month, during a time when they rose a year ago, so the year-over-year growth fell off dramatically. Meanwhile inventory in both counties saw another year-over-year decline that was the biggest in two and a half years. Foreclosure notices in both counties were down slightly month-over-month and year-over-year.
Case-Shiller Tiers: Low Tier Prices Increasing Fastest
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…