{"id":3172,"date":"2008-10-29T06:00:21","date_gmt":"2008-10-29T13:00:21","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=3172"},"modified":"2008-11-26T00:15:37","modified_gmt":"2008-11-26T08:15:37","slug":"case-shiller-tiers-synchronized-dropping","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/10\/29\/case-shiller-tiers-synchronized-dropping\/","title":{"rendered":"Case-Shiller Tiers: Synchronized Dropping"},"content":{"rendered":"<p>Let&#8217;s check out the three price tiers for the Seattle area, as measured by Case-Shiller.  Remember, Case-Shiller&#8217;s &#8220;Seattle&#8221; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.<\/p>\n<p>First up is the straight graph of the index from January 2000 through August 2008.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers_2008-08.png\" rel=\"lightbox[3172]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers_2008-08-tn.png\" alt=\"Case-Shiller Tiered Index - Seattle\" width=\"600\" height=\"437\" \/><\/a><br \/>\n<a title=\"Case-Shiller Tiered Index - Seattle - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers_2008-08.png\" rel=\"lightbox[3172]\">Click to enlarge<\/a><\/p>\n<p>Price drops continued in August at roughly the same pace for all three tiers.  The low tier and mid tiers are still rewound to May 2006 with the high tier at June 2006 levels.  The middle tier took the biggest hit in August, falling just under two points, or 1.1% in one month.<\/p>\n<p>Here&#8217;s a chart of the year-over-year change in the index from August 2002 through August 2008.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI - YOY Change in Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-yoy_2008-08.png\" rel=\"lightbox[3172]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Case-Shiller HPI - YOY Change in Seattle Tiers - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-yoy_2008-08-tn.png\" alt=\"Case-Shiller HPI - YOY Change in Seattle Tiers\" width=\"600\" height=\"437\" \/><\/a><br \/>\n<a title=\"Case-Shiller HPI - YOY Change in Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-yoy_2008-08.png\" rel=\"lightbox[3172]\">Click to enlarge<\/a><\/p>\n<p>The low tier continues to take the biggest year-over-year hit, with declines reaching almost ten percent in August.  Here&#8217;s where the tiers sit YOY as of August &#8211; Low: -9.7%, Med: -8.9%, Hi: -8.4%.<\/p>\n<p>Lastly, here&#8217;s a decline-from-peak graph like the one posted yesterday, but looking only at the Seattle tiers.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-peakdrop_2008-08.png\" rel=\"lightbox[3172]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 1px solid #000000; margin: 5px\" title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-peakdrop_2008-08-tn.png\" alt=\"Case-Shiller: Decline from Peak - Seattle Tiers\" width=\"600\" height=\"437\" \/><\/a><br \/>\n<a title=\"Case-Shiller: Decline from Peak - Seattle Tiers - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2008\/10\/case-shiller_seatiers-peakdrop_2008-08.png\" rel=\"lightbox[3172]\">Click to enlarge<\/a><\/p>\n<p>After the low tier bounced down further than the other two tiers in post-peak months nine through eleven, everything has fallen back into roughly the same territory.  The low tier still has the largest overall drop for every post-peak month since number nine.  As <a title=\"Case-Shiller Tiers: Still Looking for the Bottom\" href=\"http:\/\/seattlebubble.com\/blog\/2008\/10\/01\/case-shiller-tiers-still-looking-for-the-bottom\/\">predicted last month<\/a>, the low tier has now lost over 10% from the peak.<\/p>\n<p>(<em>Home Price Indices, <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/www.homeprice.standardandpoors.com\/\">Standard &amp; Poor\u2019s<\/a>, 10.28.2008<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller&#8217;s &#8220;Seattle&#8221; data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. First up is the straight graph of the index from January 2000 through August 2008. Click to enlarge Price drops continued in August&#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":[8],"tags":[86,200,334],"coauthors":[],"class_list":["post-3172","post","type-post","status-publish","format-standard","hentry","category-stats","tag-case-shiller","tag-statistics","tag-tiers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Case-Shiller Tiers: Synchronized Dropping \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\/2008\/10\/29\/case-shiller-tiers-synchronized-dropping\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller Tiers: Synchronized Dropping \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s check out the three price tiers for the Seattle area, as measured by Case-Shiller. 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