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…
Tag: Case-Shiller
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…
Bottom-Calling: Simple Mirror Forecast
As was noted back in October, graphs of the rise and fall of the Case-Shiller Home Price Index for a number of markets (e.g. San Diego and Seattle) is surprisingly symmetrical. I’ll be the first to admit that this method hardly qualifies as a rigorous scientific analysis of price trends. The apparent relationship between the…
Case-Shiller Tiers: Prices Break Back into 2005
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. First up is the straight graph of the index from January 2000 through November 2008. Price declines were sharper in November in all…
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. &…