{"id":11502,"date":"2010-06-29T06:42:13","date_gmt":"2010-06-29T13:42:13","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=11502"},"modified":"2010-06-29T06:45:08","modified_gmt":"2010-06-29T13:45:08","slug":"case-shiller-seattle-finally-sees-a-tax-credit-price-boost","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/06\/29\/case-shiller-seattle-finally-sees-a-tax-credit-price-boost\/","title":{"rendered":"Case-Shiller: Seattle Finally Sees a Tax Credit Price Boost"},"content":{"rendered":"

Let’s have a look at the latest data from the Case-Shiller Home Price Index<\/a>. According to April data,<\/p>\n

Up 1.0% March to April.
\nDown<\/em> 2.8% YOY.<\/strong>
\nDown<\/em> 24.5% from the July 2007 peak<\/p><\/blockquote>\n

Last year prices rose 0.2% from March to April and year-over-year prices were down 16.8% (the largest YOY decrease on record).<\/p>\n

Looks like we finally get to see the expected little price boost out of the expiring homebuyer tax credit. Unlike most other cities tracked by the Case-Shiller index, Seattle has been mostly flat since the credit was introduced early last year. However, with the for-real-this-time-we-really-mean-it expiration date of the tax credit finally upon us, it is not surprising to see that some buyers rushing to get their free $8k have pushed home prices up just a bit (about 1%).<\/p>\n

Here’s our offset graph—the same graph we post every month—with L.A. & San Diego time-shifted from Seattle & Portland by 17 months. All four cities climbed a little more month-to-month in April, with Portland actually grabbing the biggest gain for a change. Year-over-year, Portland came in at -0.4%, Los Angeles at +7.8%, and San Diego at +11.7%, still all better than Seattle.<\/p>\n

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

Note:<\/strong> This graph is not intended to be predictive<\/strong>. It is for entertainment purposes only.<\/p>\n

Hit the jump for the rest of our monthly Case-Shiller charts, including interactive charts of all 20 cities.<\/p>\n

Here’s an interactive graph of all twenty Case-Shiller-tracked cities, courtesy of Tableau Software<\/a> (check and un-check the boxes on the right):<\/p>\n

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