Mike Rosenberg

The Latest S&P Case-Shiller Report Shows Home Price Growth is Still Strong in Seattle

The Latest S&P Case-Shiller Report Shows Home Price Growth is Still Strong in Seattle

Following the release of the latest S&P Case Shiller Home Price Index, the Seattle Times once again proclaimed the decline of residential home prices in the Seattle metropolitan area. Contrary to headlines, however, trendlines give way to a more nuanced story. Some are using the Case Shiller Index to reinforce misleading growth reports, so let’s have a look at the data used to calculate the Index and compare it to results gathered from sales data in the Northwest Multiple Listing Service (NWMLS).