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U.S. home prices ended the first quarter of this year at new post-crisis lows, according to today's (May 29) release of Standard & Poor's/Case-Shiller numbers. "While there has been improvement in some regions, housing prices have not turned," says David M. Blitzer of Standard & Poor's. Average home prices across the U.S. are back at mid-2002 levels. San Diego County home values inched up 0.4% from February to March, topping the 0.0% of the 20 major U.S. metro areas. However, San Diego's 2.7% decline over the previous year was slightly worse than the 2.6% drop of the 20-city composite. San Diego home values are now down 40.2% since the peak of late 2005. Nationally, values are down 35.1% from their peak in the second quarter of 2006.

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Comments

Javajoe25 May 29, 2012 @ 6:38 p.m.

I find it interesting that SD home prices should drop a tad more than national. Do you think it was because they were somewhat more inflated, Don?

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Don Bauder May 29, 2012 @ 10:19 p.m.

SD home prices were more than "somewhat" more inflated than national prices. They were a good deal more inflated. Best, Don Bauder

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