Increasingly-famous economist and housing market sage Robert Shiller spoke in Seattle this morning at a business breakfast downtown and this afternoon at Seattle Pacific University. Mr. Shiller’s presentations focused on the role that psychology plays in economic markets, a topic that he explores with co-author George Akerlof in their recent book Animal Spirits. The morning…
Tag: California
Case-Shiller: Seattle Home Prices Just Shy of 20% off Peak
[Special Announcement] On Monday April 27th at 1:00pm, Robert Shiller (the Shiller in Case-Shiller) will be giving a lecture at Seattle Pacific University. The event is free and open to the public. More information on the SPU website. For those unable to attend, I will be taking notes and will most likely make a post…
Case-Shiller: Yet Another Record Drop in Seattle Home Prices
The time has come for our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to December data, Down 3.6% November to December. Down 13.4% YOY. Down 16.7% from the July 2007 peak Last year prices fell 1.2% from November to December and year-over-year prices were up 0.5%. It’s interesting to look at…
Bottom-Calling: San Diego Lag Forecast
As regular readers of Seattle Bubble are aware, one of the most popular (and simultaneously one of the most controversial) charts we publish on a regular basis is the “Behind the Cycle” graph, which shows the year-over-year changes in Seattle and Portland’s Case-Shiller HPIs offset by 17 months from the YOY changes in the HPIs…
Case-Shiller: Seattle Price Drops Continue to Accelerate
It’s time once again for our monthly update to the Case-Shiller Home Price Index. According to November data, Down 2.5% October to November. Down 11.2% YOY. Down 13.6% from the July 2007 peak Last year prices fell 1.4% from October to November and year-over-year prices were up 1.8%. Here’s the usual graph, with L.A. &…