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: Anemic Spring Bounce in April
Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to March data, Up 0.2% March to April. Down 16.8% YOY. Down 22.3% from the July 2007 peak Last year prices rose 0.7% from March to April and year-over-year prices were down 4.9%. Here’s the usual graph, with L.A. & San…
The Neighbors Paid WHAT?
In our discussion this weekend about why people would walk away from a mortgage, even though they can afford to continue paying, Tim Kane (S-Crow) pointed out: It doesn’t take much emotional pull to consider walking away when you see property being purchased across the street for $150,000+ less than what you may have purchased…
Poll: Do you personally know someone who has walked away from a mortgage they could afford to pay?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 07.04.2009.
Dilbert: “I Can’t Afford My Mortgage…”
I think yesterday’s Dilbert is front-page worthy. At least for a Saturday.