Case Schiller is tossed around as a Housing Price Index. What it is actually is sales data from 20 metropolitan areas. Here’s the link: http://www.favstocks.com/spcase-shiller-august-2010/2627059/
The only reason that I’m posting anything about the Index is the confusion that some how it is predictive of the Real Estate market place. It’s sales data, like what a Multiple Listing Service does to give you a Comparative Market Analysis. It only tells what the last month of sales were. You can see from the graph the run up , and decline in pricing.
It only means that some people paid X amount of dollars for property. It feeds into the herd mentality that if some one else paid this much, it is OK for you to pay that. It’s one of the main reasons we are in the mess we’re in.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
