Affordability Hits Record High on Low Rates & Price Drops

Here’s a headline from the Seattle Times that’s sure to get some attention: King County housing-affordability index best in 17 years Thanks to declining prices and record-low interest rates, houses in King County are more affordable now than they’ve been in at least 17 years, a new score card says. The county’s “housing affordability index” […]

Seattle Got Richer Just Before the Housing Bubble

In the comments on yesterday’s post, Jonness took me to task for my claim that the incomes of likely homebuyers saw a notable boost between 1996 and 2001. Ask yourself why house prices have fallen less percentage-wise in Thurston County than King County? Google doesn’t have a campus in Olympia, and very few people down […]

Predictions: Will 2011 Finally be the Bottom?

With 2010 well behind us now, it’s past time for another roundup of yearly Seattle real estate market predictions. Here are our past prediction posts for 2007, 2008, 2009, & 2010. Rather than playing the usual game of scraping and searching through the local papers for notable prognosticators going on the record with someone else […]

Friday Link Roundup: Slow Sales, Foreclosures, Deceptive Stats

Got a bunch of things to share with everybody that have built up over the past week, so let’s just get right into it. First up, a couple of stories that take a look at the big picture local numbers… Aubrey Cohen, Seattle P-I: Washington sees nation’s largest drop in sales Patricia Murphy, KUOW: Bad […]

WCRER: Affordability Drops Again

The Washington Center for Real Estate Research posted their latest “Market Snapshot” data (pdf) this week. Here’s an article on the data from the Times: Home sales still sliding in state, Puget Sound region WCRER director Glenn Crellin continues to blame the media and buyer fear for the floundering market: “Buyers see and hear stories […]

WCRER: Housing Market Improving for Buyers

The latest quarterly housing market snapshot from the Washington Center for Real Estate Research (WCRER) was released yesterday, and as expected, the news continues to get better for home buyers. Since we’re talking about January through March, there are no surprises here for anyone that has been following the NWMLS data and the Case-Shiller index. […]

WCRER: Price Declines Get Rolling

The Washington Center for Real Estate Research has released their data for the fourth quarter of 2007, and it finally has some good news for home buyers. According to the WCRER calculations, home prices in Q4 dropped 7% from the previous quarter ($472,000 to $439,000), which naturally edged the affordability index up slightly to a […]