Wednesday the Seattle Times reported that home prices in Seattle inched up for March and that we are one of only six major metro areas to post a gain. The article went on to say that half of the (major) cities in the Case Shiller index posted year over year price increases and half, including Seattle showed declines with Seattle down 3.6% from March 2009. Up from last month, down from last year, I wonder where “stable” is. It looks to me like we are basically flat with the unique situation, according to various reports, that prices have not gone up even though sales have. We’ll see where it goes from here. There is no doubt that prices will go up (and so will interest rates), it’s just a matter of when?
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