It’s time for our regularly-scheduled check on NWMLS statistics from around the sound. Once again, courtesy Tableau Software, the Around the Sound update is rocking exclusive interactive data visualizations. As usual, all of the underlying data and the old charts can be downloaded in Excel 2007 (or in Excel 2003 format), so if that’s the…
Mortgage Market “Seized Up”
There’s been a lot of chatter since yesterday afternoon about treasury rates, mortgage rates, the yield curve, and so forth—and for good reason. Here’s a good write-up from Mish’s Global Economic Trend Analysis on what’s going on: Mortgage Market Locks Up Yesterday 10 year treasury yields went soaring and the mortgage market literally seized up….
News Roundup: Time to Rent, Tax Credits, Indices…
Here are a few relevant news stories that have popped into my inbox in the last few days: Money Magazine: When it makes sense to rent (Seattle is #1—woo!) Seattle P-I: Tax credit down-payment plan waiting for IRS Seattle P-I: Dueling indexes: How much are Seattle-area house values down? USA Today: Condo market fights to…
Case-Shiller Tiers: Low Tier Passes 25% Off Peak
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 Price Drops Keep Gaining Steam
Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to March data, Down 2.0% February to March. Down 16.4% YOY. Down 22.5% from the July 2007 peak Last year prices fell 0.9% from February to March and year-over-year prices were down 4.4%. Here’s the usual graph, with L.A. & San…