The February reading of the non-seasonally-adjusted San Diego Case-Shiller index reached a new all-time high!
San Diego Non-Seasonally-Adjusted CSI changes:
The previous high reading was 250.34 in November, 2005.
“Year-over-year prices measured by the National index have increased continuously for the past 70 months, since May 2012. Over that time, the price increases averaged 6 percent per year,” noted David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.”
I think the name of your site is appropriate again,but I could be very wrong. I question how many sales are now being driven by speculation. How much debt can be carried is the question. I guess it is ok as long as the interest can be paid.
San Diego’s not as frothy as some other metro areas. The wolfstreet blog had a good article about the more bubbly cities: https://wolfstreet.com/2018/04/24/update-on-the-most-splendid-housing-bubbles-in-the-us-2/
I think the name of your site is appropriate again….
Wifey let doublebubbleinfo.com expire and somebody else snatched it up.
Permabubbleinfo.com is available?
All I know is the beaches in the Los Angeles area are going crazy again. Dirt over 1.5M
I suppose NSDCC is likely more frothy than SD.
No worries. More renters, and later buyers, are on the way!
When the water table rises, all boats rise.
A Malibu beachouse just closed for $110m.
I’m thinking your readers are right. Start shopping the website name.
Why are kitchen remodels so expensive?
There was a guy named Bernie who thought the tide would never recede. His Greenwich home was taken away. Kitchens are costly because the players are all busy.
Kitchens are costly because the players are all busy.
Cabinets are tough to find. There are fewer custom cabinetry guys out there, so do you get them off the boat from China and save some money?
The slab counters are fairly reasonable due to many choices and installers.
I visited here (link below) a few years ago, and I was impressed. Back then, they acquired remnants from housing tract projects. Cabinetry that was built but never used. If a cabinet was too large for your kitchen, they’d cut it down to fit your specs.
I don’t know if that’s how it works these days, but an enterprising home-owner could probably shave some significant bucks off the price of a remodel by incorporating their offerings…
No problem whatsoever.