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 January 2009. All three tiers continued their steep declines in…
Case-Shiller: Seattle Home Prices Just Shy of 20% off Peak
[Special Announcement] On Monday April 27th at 1:00pm, Robert Shiller (the Shiller in Case-Shiller) will be giving a lecture at Seattle Pacific University. The event is free and open to the public. More information on the SPU website. For those unable to attend, I will be taking notes and will most likely make a post…
February Neighborhoods Months of Supply Update
[Note: I apologize again for the tardiness of this regularly-scheduled set of charts. Same story as this month’s Around the Sound update—working on a cool new feature that wasn’t quite ready this month.] Here’s your look at February’s “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months…
News Roundup: Local Banks on the Brink
The last few days have seen a handful of articles in the local press on the subject of the strength (or lack thereof, as it turns out) of local banks. Here’s a brief summary. First-up is a relatively in-depth look at the status of dozens of banks based in Washington State: Washington’s banks under stress…
Some Brief Thoughts on the New Car Tax Break
Just a quick comment on one aspect of Obama’s just-announced plan to “see the auto industry through these difficult times.” I’ll keep this brief since it has little to do with either real estate or the Seattle area. Here’s a portion of the president’s speech: …the IRS is today launching a campaign to alert consumers…