A commenter brought up an interesting point over the weekend: I thought Case-Shiller showed that over time dwellings gained nothing more than inflation. Let’s see how Seattle’s Case-Shiller index has performed compared to inflation since 2000. In the chart below I’ve plotted Seattle’s Case-Shiller Home Price Index (which comes from the factory indexed to January…
Tag: Case-Shiller
Bottom-Calling Checkup: Finally Almost There
Full disclosure: The Tim is employed by Redfin. It’s been quite a while since we checked in on the various bottom-calling methods I introduced way back in February 2009, so let’s take a look. First off, here’s the official forecast I made in my wrap-up post: So my personal bottom call for the Seattle real…
Case-Shiller Tiers: Seattle’s Low Tier Still Losing Big
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: Seattle Home Prices Hit New Post-Peak Low
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Seattle-area home prices were: Down 1.2% October to November. Down 6.3% YOY. Down 31.0% from the July 2007 peak Last year prices fell 1.1% from October to November and year-over-year prices were down 4.7%. No big surprise…
Case-Shiller Tiers: Low Tier Hits 40% Off Peak
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…