The ivory-tower opinion below is blaming speculators for a mini-bubble, but around here I'd say that over 90% of the home sales were regular, organic real estate transactions in 2013. Prices may fall in the coming months (slightly), and if they do, it will be because...
The San Diego Case-Shiller Index declined for the third consecutive month, but the rate of change is so small that even David Blitzer called San Diego, 'flat'. Here are the non-seasonally-adjusted readings for 2014: Month San Diego NSA Case-Shiller Index Jan 194.94...
We've doubled the number of negative readings of the local Case-Shiller Index, and they are picking up steam! But seriously, any monthly change of less than 1% just means prices are stagnant, and in San Diego it's been like that since the April reading. If prices...
We saw this week that the local seasonally-adjusted Case-Shiller Index has been trending negative since April. Here we see how the recent gains have been driven by the lower-end properties: The difference could simply be a percentage thing - a home's value that goes...
The folks at Case-Shiller used to publish both the seasonally-adjusted, and non-seasonally-adjusted numbers, but lately they have just gone with the non-seasonally-adjusted only. The non-seasonally-adjusted index just posted its first month-over-month decline, but...
We've gone negative! The Case-Shiller Index for San Diego declined 0.08% in August from the previous month. The sound bites won't mention that we're still up +5.07% year-to-date, which is a good eight-month run historically. Instead, buyers will be more inclined to...
The San Diego Case-Shiller Index continues its ride to flatsville, with the July reading rising a scant 0.34% month-over-month. The year-over-year comparison dipped into single digits too, rising 8.27%, which still sounds positive to me. But the deceleration is in,...
Nick at the WSJ showed how the Case-Shiller Index increases are slowing, though it is worth pointing out that the index is still rising. I don't think prices are rising much if at all, but the index is rising:...
From Bloomberg.com: http://www.bloomberg.com/news/2014-09-03/case-shiller-retrofit-shows-less-severe-u-s-home-price-slump.html The collapse in U.S. home prices that stoked the worst recession since the Great Depression wasn’t quite as severe as initially estimated,...
The increases in the local Case-Shiller index have slowed, and we're no longer in that sexy 1% to 3% per month frenzy era of 2013. But it's still increasing monthly - it would take a few negative readings to get anyone's attention now. P.S. Today's reading is 41%...
