{"id":104818,"date":"2017-09-26T13:43:25","date_gmt":"2017-09-26T20:43:25","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=104818"},"modified":"2017-09-26T13:43:25","modified_gmt":"2017-09-26T20:43:25","slug":"case-shiller-everybody-get-board-seattle-real-estate-rocket-ship","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2017\/09\/26\/case-shiller-everybody-get-board-seattle-real-estate-rocket-ship\/","title":{"rendered":"Case-Shiller: Everybody get on board the Seattle real estate rocket ship!"},"content":{"rendered":"

Let’s have a look at the latest data from the Case-Shiller Home Price Index<\/a>. According to July data that was released this morning, Seattle-area home prices were:<\/p>\n

Up<\/strong> 0.6 percent June to July
\nUp<\/strong> 13.5 percent year-over-year.
\nUp<\/strong> 20.2 percent from the July 2007 peak<\/p><\/blockquote>\n

Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.2 percent.<\/p>\n

To get a sense of just how nuts it is here in Seattle compared to pretty much everywhere else<\/em>, consider this chart of year-over-year home price changes in all twenty Case-Shiller cities over the past year and a half:<\/p>\n

\"Case-Shiller<\/a><\/p>\n

Seattle is not only the city with the highest year-over-year home price growth (by a wide margin) but it has also seen by far the strongest growth<\/em> in year-over-year home price changes in recent months. Since December, eight cities have seen declining<\/em> year-over-year home price growth, another eight cities have seen an increase of less than a percentage point, three more have increased between one and two percentage points. In Seattle it increased 2.7 points.<\/p>\n

How do you spell unsustainable? S-E-A-T-T-L-E.<\/p>\n

Here’s a Tableau Public<\/a> interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities. Check and un-check the boxes on the right to modify which cities are showing:<\/p>\n

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