Home prices in Seattle continued their slide in November, according to the latest data from the Case-Shiller Home Price Index. Down 1.43% October to November. Up 1.77% YOY. That’s the fourth month-to-month decline in a row, and a year-to-year increase of barely more than half of October’s already paltry 3.30%. Here’s the usual graph, with…
Tag: behind the cycle
Seattle Market Playing Catch-Up, Government Not Riding to the Rescue
Here’s a few quickies to start off your Monday morning. First up, Seattle’s market got a mention in the LA Times on New Year’s Eve while I was cavorting about the country. Note that this was a week or two before the NWMLS statistics for December came out, showing a year-on-year price decline. It’s the…
October Case-Shiller: Seattle’s Slide Picks Up Steam
The October data from from Case-Shiller has been released, showing that Seattle remained one of only three markets to have positive year over year returns (in addition to Portland and Charlotte), while posting it’s third straight month of declining real estate values: – Down 0.94% between September and October. – Up 3.30% YOY. We now…
September Case-Shiller: Seattle Slide Continues
The latest data from Case-Shiller has been released. Let’s have a look at how Seattle is performing: Down a quarter of a percent August to September. Up 4.69% YOY. Back to back month-to-month declines have as we have now seen from July to September have not happened since 1995. The NWMLS King County SFH Median…
Case-Shiller: Seattle Begins Real Declines?
The latest data from Case-Shiller has been released. Here’s a blurb from the press release: “At both the national and metro area levels, the fall in home prices is showing no real signs of a slowdown or turnaround,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. “Year-over-year and monthly price returns are continuing to…