Case-Shiller

Chris

I can't believe nobody has posted about the latest Case-Shiller results. Seattle topped the list for YoY appreciation of 7.9% as of the 2nd quarter. San Fran was down 4%, New York was down 3.4%

Any guesses what the headlines in the Seattle papers will be tomorrow? My guess is Seattle Home Prices Lead The Nation Due To Record Rainfall of Gooey Gum Drops.

The these results are before the credit markets all went to hell. Now I'm just itching to see what the 3rd Qtr results will be.

For those that have a WSJ subscription, here is the link to the article:

http://online.wsj.com/article/SB1188319 ... whats_news

rose-colored-coolaid

Actual headline...


Home prices drop fastest since '87
Seattle was on a short list of cities where prices continued to rise in the second quarter.

link to the article

downpayment

"Seattle bucks trend"

I wonder when the Seattle Times will stop using that phrase, I'm a little tired of hearing it, especially from people who are just repeating what they read in the Sunday paper.

So, 8% appreciation YOY is bucking the trend, I thought we were at 12% just a few months ago? Will we still be bucking the trend when Q3 appreciation is just 3.9% YOY?

I'm guessing that with pink ponies and lots of homeowner pride, we can continue bucking the trend even as our prices fall slower than the other cities out there. I wonder if the 12th man has anything to do with this, too?

rose-colored-coolaid

Y2012 headline:

First nation YOY appreciation in home prices since 2006 : Seattle Bucks Trend, down 8% YOY!

8)

Chris

I'd say Seattle is about to be bucked by the trend.