Metro Seattle home prices falling at fastest rate in U.S

#1

Post by jseliger » Tue, Nov 27, 2018, 11:33 PM UTC

Metro Seattle home prices falling at fastest rate in U.S
seattletimes.com

Re: Metro Seattle home prices falling at fastest rate in U.S

#2

Post by rcchyssser » Wed, Nov 28, 2018, 12:12 AM UTC

Home prices, not condos. Condos are still going up.

Re: Metro Seattle home prices falling at fastest rate in U.S

#3

Post by ambago » Wed, Nov 28, 2018, 5:50 AM UTC

Am I misunderstanding the graph in the article? My understanding is that the graph is showing that home prices are still rising, but only at an 8.4% increase between Sep 2017 and Sep 2018 (the rate of increase has just decreased.) If so, this seems incredibly misleading.

Re: Metro Seattle home prices falling at fastest rate in U.S

#4

Post by mamon » Wed, Nov 28, 2018, 6:30 AM UTC

ambago wrote: post #3

Am I misunderstanding the graph in the article? My understanding is that the graph is showing that home prices are still rising, but only at an 8.4% increase between Sep 2017 and Sep 2018 (the rate of increase has just decreased.) If so, this seems incredibly misleading.

Yes, you are misunderstanding it: the house prices are 8.4 higher than in Sep 2017, BUT, they are lower than in, say, Jun 2018. So it is not just "rate of increase has decreased", the absolute values are lower than a few months ago.