{"id":28075,"date":"2014-01-01T12:00:31","date_gmt":"2014-01-01T20:00:31","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28075"},"modified":"2014-01-01T15:28:00","modified_gmt":"2014-01-01T23:28:00","slug":"case-shiller-seasonal-price-declines-begin-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/01\/01\/case-shiller-seasonal-price-declines-begin-october\/","title":{"rendered":"Case-Shiller: Seasonal Price Declines Begin in October"},"content":{"rendered":"<p>Happy new year!  I&#8217;ve been fairly unplugged over the last couple of weeks, but I&#8217;m getting back into the swing of things now that we&#8217;re kicking off 2014.<\/p>\n<p>Let&#8217;s have a look at the latest data from the <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Case-Shiller Home Price Index<\/a>.  According to October data, Seattle-area home prices were:<\/p>\n<blockquote><p><em>Down<\/em> 0.3% September to October<br \/>\n<strong>Up 13.1% YOY.<\/strong><br \/>\n<em>Down<\/em> 16.6% from the July 2007 peak<\/p><\/blockquote>\n<p>Last year prices fell 0.2% from September to October and year-over-year prices were up 5.7%.<\/p>\n<p>October saw a flip from rising prices to falling prices month-over-month, which is typical for that time of year.<\/p>\n<p>Here&#8217;s an interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities, courtesy of <a href=\"http:\/\/public.tableausoftware.com\/\" title=\"Tableau Software\">Tableau Software<\/a>  (check and un-check the boxes on the right):<\/p>\n<div style=\"width: 600px; height: 700px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2014\/01\/01\/case-shiller-seasonal-price-declines-begin-october\/\"><img decoding=\"async\" alt=\"YOY Change\" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"Case-Shiller-YOY&#47;YOYChange\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller-YOY\/YOYChange\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Seattle&#8217;s position for month-over-month changes fell from #14 in September to #16 in October.<\/p>\n<p style=\"width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_MOM_2013-10.png\" rel=\"lightbox[28075]\"><img loading=\"lazy\" decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_MOM_2013-10-600x436.png\" alt=\"Case-Shiller HPI: Month-to-Month\" width=\"600\" height=\"436\" style=\"border:0;\" \/><\/a><\/p>\n<p>Hit the jump for the rest of our monthly Case-Shiller charts, including the interactive chart of raw index data for all 20 cities.<\/p>\n<p><!--more-->In October, nine of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (one less than September):<\/p>\n<ul>\n<li>Las Vegas at +27.1%<\/li>\n<li>San Francisco at +24.6%<\/li>\n<li>Los Angeles at +22.1%<\/li>\n<li>San Diego at +19.7%<\/li>\n<li>Atlanta at +19.0%<\/li>\n<li>Phoenix at +18.1%<\/li>\n<li>Detroit at +17.3%<\/li>\n<li>Miami at +15.8%<\/li>\n<li>Tampa at +15.2%<\/li>\n<\/ul>\n<p>Nine cities gained less than Seattle as of October: Portland, Minneapolis, Chicago, Dallas, Denver, Charlotte, Boston, Washington DC, Cleveland, and New York.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty cities through October.<\/p>\n<div style=\"width: 600px; height: 700px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2014\/01\/01\/case-shiller-seasonal-price-declines-begin-october\/\"><img decoding=\"async\" alt=\"Case-Shiller HPI \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"Case-Shiller&#47;Case-ShillerHPI\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller\/Case-ShillerHPI\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Here&#8217;s an update to the peak-decline graph, inspired by a graph <a title=\"Comment by CrystalBall\" href=\"http:\/\/seattlebubble.com\/blog\/2008\/01\/29\/case-shiller-november-seattle-playing-catch-up\/#comment-38661\">created by reader CrystalBall<\/a>.  This chart takes the twelve cities whose peak index was greater than 175, and tracks how far they have fallen so far from their peak.  The horizontal axis shows the total number of months since each individual city peaked.<\/p>\n<p style=\"width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_Decline-From-Peak_2013-10.png\" rel=\"lightbox[28075]\"><img loading=\"lazy\" decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_Decline-From-Peak_2013-10-600x436.png\" alt=\"Case-Shiller HPI: Decline From Peak\" width=\"600\" height=\"436\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the seventy-five months since the price peak in Seattle prices have declined 16.6%.<\/p>\n<p>Lastly, let&#8217;s see what month in the past Seattle&#8217;s current prices most compare to.  As of October 2013, Seattle prices are still roughly where they were in October 2005.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_Seattle-Reverting_2013-10.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[28075]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/01\/Case-ShillerHPI_Seattle-Reverting_2013-10-600x436.png\" style=\"border: 0;\" title=\"Case-Shiller: Seattle Home Price Index - Click to enlarge\" alt=\"Case-Shiller: Seattle Home Price Index\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Check back tomorrow for a post on the Case-Shiller data for Seattle&#8217;s price tiers.<\/p>\n<p>(<em>Home Price Indices, <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Standard &amp; Poor&#8217;s<\/a>, 12.31.2013<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy new year! I&#8217;ve been fairly unplugged over the last couple of weeks, but I&#8217;m getting back into the swing of things now that we&#8217;re kicking off 2014. Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. According to October data, Seattle-area home prices were: Down 0.3% September to October&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28077,"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":"On the blog: Case-Shiller: Seasonal Price Declines Begin in October http:\/\/wp.me\/pe2Bv-7iP","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[136,86,222,200,531],"coauthors":[],"class_list":["post-28075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-california","tag-case-shiller","tag-graphs","tag-statistics","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Case-Shiller: Seasonal Price Declines Begin in October \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\/2014\/01\/01\/case-shiller-seasonal-price-declines-begin-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seasonal Price Declines Begin in October \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Happy new year! I&#8217;ve been fairly unplugged over the last couple of weeks, but I&#8217;m getting back into the swing of things now that we&#8217;re kicking off 2014. Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. 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