Bill has his annual forecast on home prices here: https://www.calculatedriskblog.com/2020/12/question-8-for-2021-what-will-happen.html Here is a snapshot of the forecasts: (I was reading the previous chart wrong when I said that all were forecasting 7% to 10%...
Because our market at the end of 2019 was so flat (December's index was lower than July's), the year-over-year gains are going to make for sexy double-digit headlines for the next couple of readings. San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD...
The 15% increase from the last peak 15 years ago doesn't seem bad, though both were bubblelicious thanks to stimulus (exotic financing then and ultra-low rates today). https://wolfstreet.com/2020/11/24/the-most-splendid-housing-bubbles-in-america-november-update/ The...
What a difference compared to the second half of 2019: 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 +1.0%...
What a difference compared to the second half of 2019: 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 +1.0%...
The July reading includes some data from May and June, so we're getting through the negative covid impact, and swinging into the positive! The next 2-3 readings should be at least this high: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M...
I've been pedaling so fast these days, I forgot all about the Case-Shiller Index on Tuesday: 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...
The index in May and June might 'decelerate', but the usual seasonal surge in our Case-Shiller Index should be delayed this year. The index is hitting all-time highs while we are in a recession, officially! San Diego Non-Seasonally-Adjusted CSI changes: Observation...
The local Case-Shiller Index for April rose again, which makes you wonder how big the 2020 selling season could have been without the 'rona - though if more sellers would have listed their home for sale, and rates were higher, the price increases probably wouldn't...
The local Case-Shiller Index for March had the biggest monthly increase in 2+ years, and helps to show why we are getting back to a healthy market quickly. March is usually a strong month though: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI...
