The Center for Economic and Policy Research has released another report on the prospects for building home equity over the next four years, and much like their April report, their conclusions are not good for current home buyers hoping to build short-term equity. Despite the collapsing housing bubble and consequent fall in house prices in…
Case-Shiller Tiers: Synchronized Dropping
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 August 2008. Click to enlarge Price drops continued in August…
Case-Shiller: Price Declines Continue Unabated
It’s time once again for an update on the Case-Shiller Home Price Index. According to August data, home prices in and around Seattle continue to decline at a steady pace. Down 0.7% July to August. Down 8.8% YOY. Last year prices fell 0.10% from July to August (their first month-to-month drop), and year-over-year prices were…
Seattle Bubble on Canadian Real Estate TV
Seattle Bubble and I were recently featured on the Canadian network Real Investments Television. I am unable to embed the video, but you can view the segment here. Note that I do not personally consider myself to be a “real estate guru,” as the TV folks seem to have become fond of calling me (though…
Weekend News Roundup
Wow, lots of stories in the local papers this weekend about the slow housing market. Too many to post separately, so here’s a roundup of the weekend news. Let me know if I missed anything. Everett Herald: Snohomish County builders slash home prices Mike Pattison just took his own advice and bought a new home…