HOUSING PRICES - PACIFIC NORTHWEST
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SEATTLE MSA
HPI Price Walk:
2000 to Peak: Home prices nearly doubled - up 92%, or 8.8% annualized.
Peak to Trough: Decline of 33%, or (8.7)% annualized.
Trough to COVID: Home prices surging again; up 9.0% annualized.
COVID to Fed Tightening: Home prices surge 20.5% annualized.
Fed Tightening: Home prices fall (9.7)% annualized.
Fed Pause to Current: Home prices rose 4.3% annualized.
PORTLAND MSA
HPI Price Walk:
2000 to Peak: Home prices nearly double and up 87%, or 8.3% annualized.
Peak to Trough: Decline of 31%, or (7.9)% annualized.
Trough to COVID: Home prices surging again; up 8.0% annualized.
COVID to Fed Tightening: Home prices surge 15.6% annualized.
Fed Tightening: Home prices fall (3.2)% annualized.
Fed Pause to Current: Home prices rose 0.5% annualized.