It's hard to imagine a better run than this, because it seemed fairly orderly while it was happening. Back in 2003-2004 it was out of control: Month M-O-M Y-O-Y March '13 +2.0% +12.1% April '13 +2.8% +14.7% May '13 +3.2% +17.3% June '13 +2.8% +19.3% A month ago,...
"It's on the way up now, and I'll bet it will go up for a while, but you can never be too sure" - Robert Shiller Blackstone and other investors will likely learn the lesson from the lenders that it is better to drip out the inventory in small increments. They can...
The San Diego Case-Shiller party keep raging in May, though the nationally the pace has "cooled'. Here are our recent improvements: Month M-O-M Y-O-Y March '13 +2.0% +12.1% April '13 +2.8% +14.7% May '13 +3.2% +17.3% "The report was unlikely to alter economists'...
Rich T. has predicted the next couple of San Diego Case-Shiller moves, based on the actual median price per square foot over the last two months: See his other 13 graphs, explanations, and reader comments here:...
The San Diego Case-Shiller Index for April showed a higher reading, as expected. The February/March/April period was the hottest of the year, and hopefully the index will start moderating in the coming months. San Diego Case-Shiller Index, Seasoanlly-Adjusted Month...
The Case-Shiller Index is 2-5 months old by the time it comes out - do we even need to cover it? These are the seasonally-adjusted numbers, the NSA had the same +12.1% increase too: March 2012: 151.77 Feb. 2013: 166.85 March 2013: 170.19 M-O-M = +2.0% Y-O-Y = +12.1%...
Not only do we expect higher, but now much higher readings from the monthly Case-Shiller index. The consensus expected +9.0% nationally, and it came in at +9.3% for the 20-city composite - the biggest gain since May 2006. “Home prices continue to show solid increases...
Thanks to Stormin for sending in this post from Bill at CR: I think Professor Shiller has changed his view ... writing in the NY Times: Before Housing Bubbles, There Was Land Fever "With rates now relatively low, this could be an auspicious time to buy a house with...
Here is Professor Shiller dwelling on the reasons to be cautious - you never hear him talk about how today's market is being driven by big money (the all-cash purchases, or big down payments blowing out the low-down-payment buyers) and it's long-term impact:
San Diego's latest seasonally-adjusted Case-Shiller Index increased for the 12th month in a row: Jan. 2012: 150.74 Dec. 2012: 164.87 Jan. 2013: 165.48 Year-over-year: +9.8% Month-over-month: +0.4% Yesterday an appraiser confirmed that he is adjusting comps for...
