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…
Tag: behind the cycle
Case-Shiller: Price Drops in Seattle Re-Accelerating
According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 1.0% June to July. Down 8.2% YOY. Last year prices rose 0.20% from June to July, and year-over-year prices were up 6.9%. Here’s the usual graph, with L.A. & San Diego offset from…
Case-Shiller: Prices Down 7% from Last Year
According to the latest data from the Case-Shiller Home Price Index, the home price bust in Seattle is gaining steam again. Down 0.2% May to June. Down 7.1% YOY. Last year prices rose 0.65% from May to June, and year-over-year prices were up 7.9%. Here’s the usual graph, with L.A. & San Diego offset from…
Comparing Boom and Bust Cycles Across Markets
The point has been made many times here that exposure to downturns needs to be viewed in the context of how much a market rose during the boom. I thought it would be interesting to test this by comparing the total percentage gain during the boom years to the total percentage drop from peak to…
Case-Shiller: Let the Decline Continue
Last month’s Case-Shiller data showed a slight increase in prices month to month, possibly signaling the end of the bust for Seattle. Or not. This month’s Case-Shiller Home Price Index would seem to indicate that the bust is not over yet. Down 0.5% April to May. Down 6.3% YOY. Last year prices rose 0.95% from…