Home Values in San Diego, Other Metro Areas Decline
Home prices in all 20 major metro areas decreased from September to October, according to Standard & Poor's/Case-Shiller data released this morning (Dec. 28). "The double dip is almost here," says S&P economist David Blitzer. "There is no good news in the October report. Home prices across the country continue to fall....tax incentives are over." San Diego home values declined 1.5% between September and October -- worse than the 1% decline from August through September. However, San Diego prices have risen 3% on a year-over-year basis, one of only four metro areas to experience a gain. The others are Los Angeles, San Francisco, and Washington DC. San Diego values are now down 36.1% from their November 2005 peak.
More like this:
- San Diego, US Home Values Still Going South — Jan. 31, 2012
- San Diego Home Values Keep Falling — Dec. 27, 2011
- Seven Straight Home Price Gains for San Diego — Jan. 26, 2010
- Local Home Values Down 37.9% from Peak — Dec. 29, 2009
- San Diego Home Prices Down 38 Percent from Peak Three Years Ago — Jan. 27, 2009