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…
Tag: Case-Shiller
Case-Shiller Tiers: A Flat Spring Bounce
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 June 2008. Click to enlarge You can see that all…
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…
Bubbles vs. Steady Appreciation
Here’s an interesting way to look at the Case-Shiller data: comparing the actual index values to theoretical values as they would look if they grew at a steady rate year-over-year. The data starts in 1990 because that is the first year that the Case-Shiller index began tracking Seattle. 1990 may not be the best year…
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…