Seattle Real Estate Values Crash, Rioting In The Streets.

Well, Seattle values were down 1.09% in September, according to the latest Standard & Poors / Case-Shiller Index, although the two dozen people waiting at the bus stop outside our window seem rather indifferent to the news.

Nationwide, the numbers were down in 17 of the 20 markets surveyed, for an aggregate drop of 0.64%. Washington, D.C. continued its strong rise, posting a 1.17% gain; Portland and New York were the other two winners.

Since January, home values are essentially flat. Seattle’s values are up 0.13%, which basically means that a house worth $400,000 in January has picked up $531 in value over the year.

Across the country, values are up 0.83% this year. The nationwide number, 141.97, is the same as June 2009, and is essentially at mid-2003 levels.


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