Seattle Home Prices Drop

Standard & Poor’s Case-Shiller index provides the public with statistics on home prices across the nation. The Seattle Times featured an article on the latest index, released on Tuesday, Nov. 30th. The index showed a nation-wide home price decline by .7%, and Seattle was one of 18 cities that had monthly price declines. The Greater Seattle area, including King, Snohomish and Pierce counties fell .6% in the month of September. In the past year as of September, Seattle area home prices dropped 2.6%. Experts believe this is directly linked to economic factors such as high unemployment rates and lending standards. Foreclosures also play a role in the drop. To see full indices, please visit the website.