Contact Us

text: (425) 502-5397

Posts made in November, 2007

  • Propaganda P-I

    November 27, 2007 /
    Jesse D. Moore /

    Yes - as in the "Seattle Post-Intelligencer." Take this article for instance: Seattle's 12-month reign atop the nation in annual home-value increases came to an end in September, according to a report released Tuesday. Charlotte, N.C., posted a year-over-year increase of 4.72 percent, just ahead of Seattle's 4.69 percent, according to Standard and Poor's S&P/Case-Shiller Home Price Indices. To the informed mind, this might sound like good news: despite a falling American dollar, despite the collapse of the sub-prime mortgage market, despite national news reporting falling home prices across the nation, home values in our area continue to rise! Not at the meteoric rate that we had seen over the past four years - but who really wanted/expected that to continue? Instead, the data shows that homes in Seattle appreciated only 4.69%, a small-to-moderate gain among a nation of markets with falling values (a home purchased at $400,000 a year ago with annual appreciation of 4.69% would now be worth $418,760). Back to the article: Just five of the 20 cities the indices track posted year-over-year increases, while all 20 declined from August to September. The 20-city composite dropped by 4.9 percent from the prior year and 0.9 percent from…Read more