For those of you that are interested in more lengthy reading, a new paper by Robert Shiller (as in Case-Shiller) was released this weekend: Understanding Recent Trends in House Prices and Home Ownership (pdf). Here are a couple of money quotes: It does not appear possible to explain the boom in terms of fundamentals such…
Tag: Case-Shiller
Case-Shiller Complete Graph
By popular request, here is a version of yesterday’s graph that includes all 20 cities tracked by Case-Shiller, with no time-shifting monkey business going on. Click the image for a super-sized version. Click to enlarge When I look at the graph, I see that Seattle and Portland—for whatever reason—seem to have arrived at the appreciation-spike…
Case-Shiller: Seattle Following the Crowd Down
As many of you have already noticed, the latest Case-Shiller data (June) has been released. Here’s an update of the graph I’ve been keeping of the west coast cities: Click to enlarge For those that are into this sort of thing, here’s what Aubrey Cohen over at the Seattle P-I had to say about the…
Seattle Home Price Appreciation Continues to Deteriorate
The latest (May ’07) Case-Shiller Home Price Index data has been released. Although appreciation is declining right along the path that has been predicted here, you can count on the local media to focus on the “Seattle is special” angle. Seattle-area home values continued to rise in May, bucking a national trend of declining home…
Seattle Just Maybe “Behind the Cycle”
The latest Case-Shiller Home Price Indices data came out yesterday. The data runs a few months behind, so this release covers April. Here’s Aubrey Cohen’s take on the numbers in the P-I: Seattle continues to defy a national trend of declining home values, but city house price increases are slowing, according to a Tuesday report….