Case-Shiller: Welcome to Depreciation, Seattle

Home prices in Seattle continue to decline, at an increasing rate, according to the latest data from the Case-Shiller Home Price Index.
Down 1.76% December to January.
Down 1.25% YOY.
In a big surprise to absolutely no one, Seattle is now officially in the realm of year-to-year price declines. What a change from just one year ago, when prices were up 11.14% year-over-year. It only took six months of declines from the peak to get here. Home prices in Seattle have now declined a total of 5.55% from their July 2007 peak.
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Original Source: feeds.feedburner.com/SeattleBubble

  25 March, 2008| housingblogs | @ 17:43

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