S&P/Case Shiller Home Price Index
I haven’t written much about this index, but it provides a little different - and more accurate - view into what’s happening with existing home sales. At its very briefest, it follows (now) twenty metropolitan areas by doubling the sale and resale of the same homes, then calculates the appreciation. The median and average sales […]
MERRY CHRISTMAS!
My girls are on their way down from Seattle; to spend Christmas day with them is my idea of perfection. Christmas is about family.
But families, extended families, come in different configurations. This is the family with whom I’ve spent the last nine Christmas Eves, the Sanctuary Choir of Lake Grove Presbyterian Church. Aged from the twenties […]
Portland, Bumper Sticker Capital of the World
They’re everywhere. Portlanders not only want you to know what they think, they want you to know they’re smarter than you are if you don’t think it as well.
Unfortunately all I had was my phone, but this one managed a double take:
Stanford! Harvard! Portland Rocks! Stand for Peace! Impeach Bush!
COEXIST! [Find the incongruity!]
and
Underneath TREE/MAX read: “More […]
Glenn Kelman, Redfin and the Today Show; Short Version
Glenn Kelman is blessed with the genes of Harold Hill. After his coming out on Sixty Minutes - written about here, here and here - Kelman appeared last Friday on the Today Show to announce that he’d learned - scientifically! - that it indeed wasn’t a good idea to price a home too high. With limited […]
The Supply Side of Housing: God isn’t making any more land
Brent Hunsberger has an interview in this morning’s Oregonian business section with economist Keitaro Matsuda. He makes a point that we often overlook as to why Northwest home prices have held up while so many places around the country have not. Yes, more people moving into the region than out due to a relatively strong economy, but […]
November Numbers: Portland Metro
Let me reiterate some stuff first: I’m a big fan of transparency, the corollary of which is I hate spin. The NAR, frankly, spends too much time trying to either obscure bad news or, when it invariably appears, to put a happy face on it. People see through that, and when rosy projections turn out […]
A Few Words about a lot of Numbers
I subscribe to a data collection service - AgentMetrics by Terradatum - that pulls information directly from RMLS, manipulates it, and allows a two year look at basic trends (there are also algorithms for Market Share and Price Analysis, for another time). It’s excellent because it allows users to look not only at broad areas, but […]
