MB Mike asked a follow-up: In terms of timing, what does your crystal ball say 2014 will bring? Better to wait a year to sell? Yes, wait if general market conditions are your guide. Real estate is reported as 'up' or 'down', and it will be 'up' for a while. The media...
The San Diego Case-Shiller Index rose 9.2% year-over-year. While a 9.2% increase in home prices would have been shocking a year ago, we have come to expect it today. The month-over-month increase was 1.07%, which should be about what we see for the rest of 2013. If...
Shiller is asked in the video how many houses he owns (two) and why - his answer - "My wife wants them". (at the 7:50-min mark) Robert Shiller, the Yale economist who nailed the housing bubble before it burst, was on Bloomberg Television with Trish Regan and Adam...
San Diego Case-Shiller Index, non-seasonally-adjusted (SA was also +8%): November 2011: 151.45 November 2012: 163.58 Year-Over-Year Change: +8% From the S&P press release: “Winter is usually a weak period for housing which explains why we now see about half the...
Tuesday's Case-Shiller report is going to blow the roof off the market: The housing market typically experiences a seasonal slowdown during the winter months, but this year seems to be different, according to the latest Campbell/Inside Mortgage Finance survey. In...
The non-seasonally-adjusted Case-Shiller Index for San Diego rose again in October: Oct. 2011: 152.86 Sep. 2012; 160.09 Oct. 2012: 162.10 It was the ninth monthly increase in a row, and the year-over-year improvement of +6% is the biggest we've seen lately. Those...
Here's Shiller being his normal conservative self, saying that we will see a lot more underwater homeowners defaulting, and those foreclosures leading to additional inventory of unsold homes. But did say that his futures index is expecting a 3% annual price increase...
San Diego's non-adjusted Case-Shiller Index for September increased for the eighth month in a row, and was +1.4% higher than the previous month - which was the biggest M-O-M gain of the year. The latest reading of 160.09 was +4.1% higher than September, 2011, and the...
The latest Case-Shiller Index comes out tomorrow, and CR is expecting the non-adjusted national numbers to start declining, like they usually do this time of year: http://www.calculatedriskblog.com/2012/11/update-case-shiller-house-prices-will.html Tomorrow's C-S...
