At the rate our local Case-Shiller Index has been rising over the last few months, we will be looking at 2% to 3% appreciation per year - or less. "Home prices and the economy are both enjoying robust numbers," David M. Blitzer, managing director and chairman of the...
Same-House Sales
Robert Shiller on Trump & Real Estate
Animal spirits should propel us through the short-term:
San Diego Case-Shiller Index, Sept
Our local Case-Shiller Index has slowed down considerably, rising just 1.3% over the last five readings. The September reading rose 0.057% - be prepared for an occasional negative reading from now on. "The housing market has been favoring sellers for the past few...
San Diego Case-Shiller Index, August
The San Diego Case-Shiller Index barely moved in August, which is similar to last year too. We had a big pop in July, and then a tame August reading in both 2015 and 2016. Look forward to occasional negative readings from now on - that's what happens in flatsville!...
Shiller: “Holding Pattern”
For an ivory-tower guy, 70-year old Robert Shiller does pretty good in describing the current environment - a couple of excerpts from this article:...
San Diego Case-Shiller Index, July
The July, 2016 reading of the San Diego Case-Shiller Index was elevated compared to June - just like last year! The increase this year was somewhat throttled though, and based on how it went in 2015, the San Diego CSI should be fairly quiet over the next six months....
San Diego Case-Shiller Index, June
The June reading of the non-seasonally-adjusted San Diego Case-Shiller Index increased +0.3% month-over-month, which was the same as last June. Judging by the more-current graph at the bottom, we have already arrived in flatsville, and we can probably expect tepid...
San Diego Case-Shiller, May 2016
Sellers keep asking for more, and the trend is in their favor! The Case-Shiller Index is a lagging indicator - today's reading is measuring the spring kick, a blended number from March, April and May sales. The good news should continue though. Look back at last...
San Diego Case-Shiller Index, April
The year-over-year improvement is the most remarkable stat - last year was great, yet the index keeps going higher! "The home price increases reflect the low unemployment rate, low mortgage interest rates, and consumers' generally positive outlook," David M. Blitzer,...
Shiller on the Future
Let's consider another opinion on the current housing landscape - in an article from Robert Shiller. He thinks that buyers shouldn't worry about being priced out forever, and references some rather dubious data to support his belief. But the summary in the last...