A reader pointed out that I had not provided an updated chart of the long-term (50+ year) trend of local home prices since I originally posted my research in February 2008. So, here’s an updated look at the long-term trends in local home prices and affordability: So much for Steve Tytler‘s famous “stair step” theory…
Tag: Tytler
Predictions: 2008 in the Bag, 2009 on the Horizon
Looking back at 2008 And now it’s the post we’ve all been waiting for (and by “we” I mean probably just me). Time to see which real estate “professionals” made housing market predictions that match closest with reality, which ones were more in line with the former Iraqi Information Minister, and what they’re all guessing…
Weekend News Roundup
Here are a few local real estate stories to kick off this snowy Christmas week. Aubrey Cohen, Seattle P-I: It’s refi — not buy — in Seattle’s housing market Unusually low interest rates have spurred a run of mortgage refinancings in the Seattle area, but not necessarily more home purchases. … Andrew Gledhill, an associate…
King County Home Prices: 1946-2007
A while back (September 2006, to be more precise) the Seattle Times published a 22-year “analysis” of King County home prices, which essentially came to the conclusion that Seattle would be immune to the home price drops that were beginning to occur elsewhere around the country. Their graph of local home prices going back to…
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…