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Pre-Weekend Potpourri: Microsoft Layoffs, Foreclosure Aid, Downfall
It’s a pretty slow news day today, what with most people still taking time off for the new year. So I thought this would be a good time to throw a bunch of smaller stories together into one post. First off, let’s hit a topic that has been on a lot of people’s minds lately:…
2008 Pop Quiz
Pop quiz, hotshot. Let’s say you had $100,000 on January 1st 2008. Which of the following “investment” methods took the largest loss in 2008: 20% down payment on a $500,000 SFH in King County. S&P 500 index fund. Cash under the mattress. … And the answer is… A! According to the NWMLS, the median price…
Case-Shiller Tiers: Tiers Drop From Peak in Lockstep
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 October 2008. Prices fell at virtually the same rate in…
Case-Shiller: Seattle Hits 10% YOY Price Drops
It’s time once again for our monthly update to the Case-Shiller Home Price Index. According to October data, Down 1.4% September to October. Down 10.2% YOY. Down 11.4% from the July 2007 peak Last year prices fell 0.94% from September to October and year-over-year prices were up 3.3%. Here’s the usual graph, with L.A. &…