Zillow’s Chief Econ Has Lots to Say About Seattle’s Market
Spencer Rascoff from Zilllow has provided us with the slides from Dr. Humphries’ presentation to the Seattle Real Estate Roundtable. Here’s the link.
Slide 13 has a heat map of peak-to-change in home values for King/Pierce/Snohomish counties. This slide alone is enough to convince me of the reason why Seattle-area real estate agents are bullish on selling Seattle homes v. agents in outerlying cities. The further you go away from Seattle, the heat map becomes more red.
Look at slide 20 to see the percentage of homes (with mortgages) with negative equity. Seattle is right in there with the U.S. average. There’s an interesting rate reset chart in slide 23 that looks vaguely like the Credit Suisse reset chart.
And some surprises on slide 25.
Thanks for posting this for us, Spencer!
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