San Diego has had positive gains straight through the Covid-19 era, and now we have back-to-back months of +3.3% improvements, which has to be about the max the index can go up in a month. We are right behind Phoenix, whose non-seasonally-adjusted index in April rose...
This graph is charting the local Case-Shiller Index. The latest reading is from March, so these trends are reflecting the first quarter of 2021 - which means these lines will be going straight up for at least another 2-3 readings before there is any chance of a...
The housing market is hot as home prices continue to rise, but Nobel Prize winning economist Robert Shiller predicts prices will eventually drop. "They'll come back down, not overnight, but enough to cause some pain," Shiller told Yahoo Finance Live. The...
San Diego has had positive gains straight through the Covid-19 era, and we are really ramping up in 2021 with a 3.3% monthly gain in March! We kept our #2 spot in the nation, and are right behind Phoenix: San Diego Non-Seasonally-Adjusted CSI changes Observation...
Shiller has been too conservative on his predictions because he's an ivory-tower guy. If he were to talk to potential home sellers, he'd find that there aren't many - if any - who have to move so badly that they would sell for "substantially lower" prices. The next...
Our seasonally-adjusted Case-Shiller Index rose more in one month than any other U.S. metro area! The increase in the three-month annual percentage was nearly 22%, and it doesn't include March and April which have been hotter. The San Diego index was still positive...
San Diego had positive gains straight through the Covid-19 era: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg January ’19 251.30 -0.2% +1.3% Feb 253.69 +0.9% +1.1% Mar 256.40 +1.1% +1.2% Apr 257.63 +0.5% +0.8% May 260.08...
It's more than just the trendy areas - it's red-hot everywhere. Every metro area on the list is having substantial gains in their index, which means there has been a psychological shift happening coast-to-coast on how human beings feel about their homes. With the...
I guessed that we might have +10% in both sales and pricing this year, but so far that is way too conservative. It's not just the pricing that's on the run - the sales are cooking too: NSDCC Closed Sales Jan 1 – Feb 15 Year # of Sales Median Sales Price 2020 254...
It was in June, 2011 that Ben Bernanke said at a live press conference: We have told the banks to handle their REOs…..long pause………..in an economy-supportive way. Oops. What he was GOING to say was “we have told the banks not to flood the market with REOs.” Since...
