{"id":21666,"date":"2012-10-02T12:00:59","date_gmt":"2012-10-02T19:00:59","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=21666"},"modified":"2012-10-02T12:16:09","modified_gmt":"2012-10-02T19:16:09","slug":"september-2012-seattle-bubble-recap","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/10\/02\/september-2012-seattle-bubble-recap\/","title":{"rendered":"September 2012 Seattle Bubble Recap"},"content":{"rendered":"<p>Time for another monthly recap, where we wrap up the month and highlight the major posts of the month that just ended in a single place.  The purpose of this series is to get a feel for how a month went, and catch up if you missed something.  Let me know what you think of this as a recurring monthly feature.<\/p>\n<ul>\n<li>We kicked things off on the 4th with the stats preview, which saw a continued <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/04\/august-stats-preview-spiking-foreclosure-edition\/\">spike in local foreclosures<\/a>.<\/li>\n<li>On the 5th the NWMLS released their August stats, showing <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/05\/nwmls-summer-of-sameness-sustained\/\">a slight uptick in sales volume<\/a>.<\/li>\n<li>We tackled a reader question on the 7th about HARP 2.0, with <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/07\/reader-question-whats-the-deal-with-harp-2-0\/\">expert input from Jillayne and Rhonda<\/a>.<\/li>\n<li>Price per square foot data from Redfin gave us an early indication on the 10th that <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/10\/local-home-prices-hit-2012-peak-turn-down\/\">local home prices have hit their 2012 peak<\/a>.<\/li>\n<li>Homebuilder imaginations were in the spotlight on the 12th with <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/12\/false-advertising-home-builder-renderings-vs-reality\/\">&#8220;Renderings vs. Reality&#8221;<\/a>.<\/li>\n<li>Our in-depth look at <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/13\/foreclosure-notices-still-spiking-around-seattle\/\">the recent spike in local foreclosures<\/a> hit on the 13th.<\/li>\n<li>On the 14th <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/14\/nonsense-from-trulia-buying-42-cheaper-than-renting\/\">I took Trulia to task<\/a> for a massively misleading &#8220;study&#8221; comparing the cost to rent vs. buy.<\/li>\n<li>Our mid-month listing photo comedy relief on the 17th featured <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/17\/real-actual-listing-photos-eagle-eye-edition\/\">a majestic, soaring eagle<\/a>.<\/li>\n<li><a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/18\/bank-owned-sales-fall-to-lowest-point-since-april-09\/\">Bank-owned sales fell to a three year low<\/a>, which we explored in some depth on the 18th.<\/li>\n<li>We broke down the median price into distressed and non-distressed buckets on the 20th, showing that <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/19\/non-distressed-median-price-up-2-1-from-august-2011\/\">non-distressed median prices are up just 2.1% year-over-year<\/a>.<\/li>\n<li>In response to a reader comment, on the 20th we explored <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/20\/how-would-6-mortage-rates-affect-affordability\/\">how 6% mortgage rates would affect affordability<\/a>.<\/li>\n<li>The following day we looked at affordability a little more, noting that <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/21\/king-county-affordable-home-price-21-higher-than-current-median-price-thanks-to-low-rates\/\">King County&#8217;s &#8220;affordable&#8221; price is 21% higher than the current median price<\/a>.<\/li>\n<li>On the 21st we asked the question: <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/24\/will-local-incomes-climb-or-fall-in-the-coming-years\/\">Will local incomes climb or fall in the coming years?<\/a><\/li>\n<li>July Case-Shiller data came out on the 25th, showing <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/25\/case-shiller-home-prices-strengthen-into-summer\/\">another year-over-year increase for Seattle prices<\/a>.<\/li>\n<li>Finally, in response to a request for more detailed income data, on the 27th we looked at <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/09\/27\/local-incomes-median-per-capita-real-nominal\/\">local median and per capita incomes, both nominal and inflation-adjusted<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Time for another monthly recap, where we wrap up the month and highlight the major posts of the month that just ended in a single place. The purpose of this series is to get a feel for how a month went, and catch up if you missed something. Let me know what you think of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[907],"coauthors":[],"class_list":["post-21666","post","type-post","status-publish","format-standard","hentry","category-features","tag-recap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>September 2012 Seattle Bubble Recap \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2012\/10\/02\/september-2012-seattle-bubble-recap\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"September 2012 Seattle Bubble Recap \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Time for another monthly recap, where we wrap up the month and highlight the major posts of the month that just ended in a single place. 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