I thought it would be fun to check back in with an update on the San Diego / King County home price comparison I made back in March. As of the latest Case-Shiller data (February) home prices San Diego have fallen 24% from their November 2006 peak. The Seattle area has dropped 6.5% from its…
Tag: predictions
Buy Now, or Wait it Out?
Now that prices are undeniably dropping in Seattle, a common refrain from real estate salespeople is that “you can’t time the bottom,” or “you can’t predict the future,” implying that you should go ahead and just buy now, because we’re probably at or near the bottom already, and if you wait you’ll be sorry. This…
Median Price Comparison: King & San Diego Counties
Here’s an interesting comparison. As of December’s Case-Shiller data, prices in San Diego County have fallen nearly 20% from their November 2005 peak. As of last month, their median price for all homes sold (single-family and condos) was $415,000 (source: San Diego Union-Tribune). In the Seattle area, December’s Case-Shiller put prices off 4% from their…
Poll: What’s your February KC SFH Sales Prediction?
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 03.01.2008.
Predictions: 2007 Revisited, 2008 Prognosticated
2007 Revisited It’s that time of the year again. As the calendar rolls over, the real estate predictions start rolling in. But before we get to the predictions for 2008, let’s look back at 2007. My own guesses as well as predictions from most of the frequently-quoted local real estate insiders were covered in this…