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…
Tag: graphs
June Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. I apologize for the tardiness, I was hoping to have the color-coded map ready by this month’s update,…
Interest Rates vs. Home Prices
Let’s talk about interest rates for a while. As we have discussed before, when most people buy a home, they tend to determine how much they will spend based on the monthly payment they can afford. Two components make up your monthly payment when you buy a home: loan amount and interest rate. A common…
Puget Sound Counties June NWMLS Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of June 2008: King – Price: -4.3% | Listings: +25.4% | Sales: -27.2% | MOS: 6.0 Snohomish – Price: -9.0% | Listings: +8.1% | Sales: -35.0% | MOS: 8.0 Pierce –…
May Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Remember: Over 6 MOS is a buyer’s market, which gives buyers more negotiating power, but doesn’t mean homes…