The latest edition of Sound Housing Quarterly—the subscription-based sister product to Seattle Bubble—has been published. As the name implies, Sound Housing Quarterly is journal of the Puget Sound residential real estate market, published four times a year. Benefits of Sound Housing Quarterly: Broad geographic coverage (7 Puget Sound counties). Provides a concise picture of overall…
Case-Shiller Tiers: Price Declines Slow Slightly in High and Low Tiers
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. First up is the straight graph of the index from January 2000 through February 2009. All three tiers dropped again in February, but…
Vulcan’s Rollin Street Flats to Convert to Apartments
I received an email tip from a reader that Vulcan’s Rollin Street Flats, a 197-unit condo building in South Lake Union is officially going apartment. Just four days ago, the Seattle Times reported that Vulcan had “pushed back the start of closings on its nearly finished Rollin Street Flats project.” An email being sent to…
Case-Shiller: Seattle Price Declines Still Accelerating
Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to February data, Down 1.5% January to February. Down 15.4% YOY. Down 20.9% from the July 2007 peak Last year prices fell 0.97% from January to February and year-over-year prices were down 2.70%. Here’s the usual graph, with L.A. & San…
Robert Shiller at SPU—Psychology and the Housing Market
Increasingly-famous economist and housing market sage Robert Shiller spoke in Seattle this morning at a business breakfast downtown and this afternoon at Seattle Pacific University. Mr. Shiller’s presentations focused on the role that psychology plays in economic markets, a topic that he explores with co-author George Akerlof in their recent book Animal Spirits. The morning…