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Standard & Poor's/Case-Shiller home price values for January, released this morning (March 26), show San Diego County values rising 9.8% over the last year, topping the average of 8.1% for the 20 largest metro areas. However, from December to January, local values dropped 0.6%, comparing poorly with the rise of 0.1% by the 20-metro average. On a year-over-year basis, the 20-composite index posted its largest percentage gain since 2006. San Diego home values are now down 34.7% from the 2005 peak.

Comments
6

Let's remove all of the artificial stimuli and see how "strong" housing is without massive supports.

March 26, 2013

jnojr: You are quite right. The stock market is similar: it is being propped up by easy money and government/Federal Reserve policy designed to run up stocks. Even though I am still buying stocks, I am worried about a bubble. In fact, stocks ARE a bubble if you look at the state of the economy in 2007 compared with today. Yes, profits are high, but that is partly financial engineering -- companies borrowing money at incredibly low rates and buying back their own stock, thus artificially boosting earnings per share and thus the stock price. Trouble is: even if stocks are a bubble, where do you put your money? Thanks to the Fed's manipulated, extremely low interest rates, cash is dead money and bonds are almost so. Best, Don Bauder

March 26, 2013

Don Bauder, The Residential Real Estate Indicators report should be released later today. How about giving us a summary of that as report well.

March 26, 2013

tomjohnston: I will try to remember. I have a lot on my plate today. Best, Don Bauder

March 26, 2013

What percentage of the rise in price is due to realtors commissions ?

March 26, 2013

Murphyjunk: Commissions are obviously part of the price rise, but the overwhelming factor is the low interest rate level. I don't know if commissions are factored out of the Case-Shiller numbers. I don't think it would make much difference. Best, Don Bauder

March 26, 2013

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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