Mortgage rates have been 1% lower than they were a year ago, yet sales are flat....and so are prices. We had a 2.3% improvement year-over-year, which is actually the best percentage improvement in 2019. But look at how our Y-o-Y changes have pancaked this year,...
Yesterday, Yunnie said that he sees no sign of buyer optimism fading, to which I said 'just wait for the Case-Shiller Index (which should be the strongest of the year)'. CNBC posted the click bait above, which is shocking because they are usually so negative about...
Our Case-Shiller Index did set a new record yesterday, but our Housing Bubble 2 is relatively tame - just 4% above the previous peak of 250.34 in November, 2005. Compare to others like Seattle (+33% over last peak), San Francisco (+41%), and Denver (+59%) here:...
We had a solid 1% increase in our local index M-o-M, and it was about the same year-over-year: San Diego Non-Seasonally-Adjusted CSI changes: Observation Month SD CSI M-o-M chg Y-o-Y chg January ’18 248.16 +0.8% +7.3% February 250.91 +1.1% +7.5% March 253.41 +1.0%...
Yesterday's Zillow index showed San Diego's pricing to be fairly flat, and now April's Case-Shiller Index has a similar-sounding +0.8% increase year-over-year. We've bounced back from six months of negative readings, just to get back to where we were last year - and...
I calculated the monthly increase incorrectly last month - it's right now, and it shows that the index has picked up steam lately. But we're still slightly below last year's peak of 258 in June & July: San Diego Non-Seasonally-Adjusted CSI changes: Observation...
Hey, we had our first monthly increase since June! Last year the index readings topped out in July, and if that pattern repeats, it will mean that today's home prices will be the highest of the year. San Diego Non-Seasonally-Adjusted CSI changes: Reporting Month SD...
I was so giddy yesterday about dropping rates that the latest Case-Shiller Index didn't cross my mind. Our doomer guy jumped on the sixth consecutive decline above, but that was when we were nearing 5% mortgage rates and full market stall-out. Now that the sub-4%...
We are back to more-normal appreciation levels now. After dropping for the last six months in a row, the non-seasonally-adjusted Case-Shiller Index for San Diego is just +2.3% year-over-year. In the graph above, you can see how the index goes up about ten points in...
The non-seasonally-adjusted San Diego Case-Shiller Index dropped again in November, which seems like 100 years ago now that we're rolling into February. A couple of notes: If you like your data processed and refined, the seasonally-adjusted index has been flat the...
