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. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Case-Shiller: Home Price Growth Cooled in May
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 1.4% April to May Up 9.3% YOY. Down 12.6% from the July 2007 peak Last year prices rose 3.1% from April to May and year-over-year prices were up 11.9%. Although prices are…
Zillow + Trulia = Love Forever
After swirling rumors and speculation last week, it is now official: Zillow and Trulia announced this morning that they will merge. Trulia shareholders will get 0.444 shares of Zillow stock (Z) for every share of Trulia stock (TRLA), making the deal worth $3.5 billion at today’s prices. I’ve never been much of a fan of…
Poll: How does the economy feel to you today compared to 2006?
This poll was active 07.27.2014 through 08.02.2014
Seattle Unemployment at 6-Year Low in June
Let’s have a look at the jobs data for June and how the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. In June the Seattle area’s unemployment rate hit its lowest level in almost six years. June’s 4.8 percent unemployment rate was comparable to the 4.7 percent level in August…