Zillow’s latest Homeowner Confidence Survey is at least worth a brief mention. According to the third quarter update, only 65% of homeowners in the West believe that their home declined in value over the last year, while in reality 85% of homes experienced falling prices. Read Zillow’s own blog post about the report here. Also…
CEPR: Today’s Buyers to Lose Massive Equity
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…