local real estate news, statistics, and commentary without the sales spin.
This is a couple weeks late, but let’s check in on how Consumer Confidence and mortgage interest rates fared during September. First up, here’s the Consumer Confidence data as of September: The overall Consumer Confidence Index currently sits at 86.0, down 8 percent in a month but up 7 percent from a year ago. At…
Let’s check in on how Consumer Confidence and mortgage interest rates fared during August. First up, here’s the Consumer Confidence data as of August: The overall Consumer Confidence Index currently sits at 92.4, up 2 percent in a month, 13 percent from a year ago, and at its highest point since October 2007. At 94.6,…
Continuing our “Another Bubble?” series, it’s time to take a look at the affordability index. As King County’s median home price has surged from $405,400 in February to $468,000 in July, the affordability index has dropped from slightly above the long-term average to just below 100. An index level above 100 indicates that the monthly…
Let’s check in on how Consumer Confidence and mortgage interest rates fared during July. First up, here’s the Consumer Confidence data as of July: The overall Consumer Confidence Index currently sits at 90.9, up 5 percent in a month, 12 percent from a year ago, and at its highest point since October 2007. At 88.3,…
Let’s check in on how Consumer Confidence and mortgage interest rates fared during June. First up, here’s the Consumer Confidence data as of June: The overall Consumer Confidence Index currently sits at 85.2, up 4 percent in a month, and at its highest point since January 2008. At 85.1, the Present Situation Index increased 6…