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.