As part of our data catch-up extravaganza, let’s check in in on the latest data from the Consumer Confidence Index.
The overall Consumer Confidence Index currently sits at 121.5, down 7.5 percent in a month and down 4.4 percent from a year ago.
Posts with the Economy tag
Consumer Confidence blows past 2007 highs, approaches 2000 levels
Before the month is over, let’s check in in on the latest data from the Consumer Confidence Index.
The overall Consumer Confidence Index currently sits at 138.4, up three percent in a month and up fifteen percent from a year ago…
Consumer Confidence at levels not seen since the dot-com bust
It’s been quite a while since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at an update to those charts.
The overall Consumer Confidence Index currently sits at 127.7, down two percent in a month and up two percent from a year ago. The current levels are higher than any point since late 2000, just as the dot-com bubble was bursting…
Will a Prolonged Bear Market Slow Seattle Real Estate?
With stocks being hammered across the world since Friday, the price of oil in the gutter, and volatility through the roof, pundits are starting to get somber about the market’s prospects. If we’re in the beginning of a serious bear market, will Seattle’s crazy real estate market finally start to slow? One of the major […]
Consumer Confidence Keeps Climbing, Rates Inching Up
It’s been half a year since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at a long-overdue update to those charts. First up, here’s the Consumer Confidence data as of June: The overall Consumer Confidence Index currently sits at 101.4, up 7 percent in a month and […]
KUOW Nails the Problem of Placing Blame for Rising Rents
In March I wrote a post calling out people who blame investors for rising rents and unaffordable housing. Today I’d like to highlight some reporting that gets it right. This story by KUOW’s Joshua McNichols is a couple weeks old, but he hits the nail on the head, and I wanted to make sure it […]
Don’t Blame Investors For Unaffordable Housing
An article published this week in Seattle Weekly titled A Letter to the Investor Buying Our Apartment Building pinned the blame for the lack of affordable housing in the Seattle area on investors and their dirty obsession with profits.
…Eve and Charles told us they were putting the property up for sale. Who could blame them? The building is a century old and so much work went into maintaining it, especially for a couple of people who, also, are aging. But it’s prime real estate, right on the water with a view that would make even Donald Trump drool. So we had a good idea of what would happen after the sale went through. Skyrocketing rents and a landlord we’d never see, much less ever know…