The Case-Shiller Index has risen more this year in San Diego than in any other metro area! Could we end up being the most expensive metro in the country some day? It could happen, and it would be a return to the top spot, according to Channel 8 - check the first 30...
I doubt we'll ever see this again. Even though we've had healthy gains in 2023, the YoY declines makes it look like we're going backwards because the index was rising so quickly last year. Hard to imagine any more MoM gains of 3.8% or 4.6%! April's index is about the...
Our YoY change is more negative this month because in early-2022 it was flying - the local Case-Shiller Index went up 11% between January and April last year! We had the second-highest MoM gain in the country: Here's another guy who ignores the seasonal trends and...
In spite of higher rates, the spring selling season has delivered, though the second half of 2023 is TBD. Thanks Steve Harney and Ryan Lundquist for the graphics!
For those who like to look back fondly at ancient history and reminisce about what used to be, I present to you the local Case-Shiller Index. About the time that the market starts to sputter in mid-to-late summer, we will be getting the spring data that will look red...
Here we go - the first negative year-over-year reading! The index will probably stay negative for another one or two readings, then level off and maybe rise during the spring - but we won't know until summer due to the lag in reporting. Any gain during the spring...
The local index is 11% lower than its peak in May. The beauty about this market is that buyers don't have to fight with the decision to buy now or wait. Because the inventory of quality homes is so thin, having to wait is baked in. How often do buyers see a home for...
Today’s local Case-Shiller reading for November is the fifth in a row that reflects the much-higher mortgage rates. The index has dropped 9% since May - don't be surprised if in the future we see a similar trend of enthusiasm in springtime, and doldrums in the...
The local index peaked in May, so today's local Case-Shiller reading for October is the fourth in a row that reflects the much-higher mortgage rates: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’21 301.72 +1.4% +14.3%...
How the mainstream media is reporting today's Case-Shiller numbers: U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand. Monthly house prices fell in July for the first time since late 2018. The housing market has been...
