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…
Need a Little Green? MS Paint to the Rescue!
Okay this is just too funny not to post. Over in my favorite forum thread Detrimental Listing Photos Everett_Tom spotted this gem [update: the listing photo has since been changed—original screenshot here], where the (presumably) brown grass in the listing photo has been extremely poorly painted over in bright green in the only photo on…
Case-Shiller: Spring Home Price Bounce Erased in May
Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to March data, Down 0.3% April to May. Down 16.6% YOY. Down 22.5% from the July 2007 peak Last year prices fell 0.5% from April to May and year-over-year prices were down 6.3%. Here’s the usual graph, with L.A. & San…
Are Home Price Drops Around Seattle Mostly Over?
I was thinking recently about the claim that we’ve been hearing lately from some sources that Seattle home price declines are over. The primary evidence they seem to provide for this hypothesis seems to be the slight bump in some Seattle-area median prices, and the uptick in sales. I’m not convinced, but rather than just…
Poll: Which is likely to generate the strongest downward pressure on Seattle-area home prices going forward?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 08.01.2009.