Let’s check up on what’s happening with the Seattle-area housing market in early 2023, shall we?
Tag: “Seattle is special”
Case-Shiller: Seattle Real Estate is Hot, Hot, HOT!
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were:
Up 2.6 percent March to April
Up 12.9 percent year-over-year.
Up 15.7 percent from the July 2007 peak
Over the same period last year prices were up 2.1 percent month-over-month and year-over-year prices were up 10.7 percent.
Seattle home prices as measured by Case-Shiller shot up yet again to a new all-time high in April, and let the nation in month-over-month and year-over-year price gains for the third month in a row. We’re also the only market still seeing double-digit year-over-year price gains. #SeattleIsSpecial
No, Seattle Affordability Is Not “Pretty Much Game Over”
A few weeks ago Stranger writer Charles Mudede published a post in which he argued that “Seattle Is Pretty Much Game Over” in terms of housing affordability. There was a time when something could have been done to avoid its entry into the locked cycle of asset value inflation, but that was a few years…
July Reporting Roundup: Totally Not Another Bubble Edition
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Western Washington…
Seattle Still Not a “World Class City”
Back in the days when the housing bubble was inflating at full speed, a frequent argument trotted out by home salesmen lamely attempting to justify the ridiculously high home prices in the Seattle area was that Seattle is a “world class city,” and as such, it is reasonable to expect home prices here to be…