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…
Tag: Case-Shiller
Times & P-I On Case-Shiller
Here’s the local press’ take on yesterday’s Case-Shiller data. For the most part, the reports come across as suprisingly even-handed. The biggest exception to that was the P-I’s original headline for Mr. Cohen’s piece: Seattle-area home-price appreciation leads nation again. It has since been changed to the less misleading: Mixed news on home prices. Home-price…
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…
If we’re at the top, where do we go from here?
Many of you may have read my previous post that tied the performance of the Case-Shiller index to the growth in inventory. Since then, I’ve done a bit more tweaking of that model – which has proven to be reasonably consistent with actual results over the past few months. Better on the YoY figure than…
Case-Shiller: Seattle Stagnant in July
The prediction (emphasis added): When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. … I believe…