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August Housing Supply and Demand



August resale inventory was actually down almost 4 percent from a year prior as some potential homesellers apparently gave up on the prospect of finding a buyer. The decline in inventory certainly wasn't a result of more homes being purchased -- sales volume was down 20 percent from August 2006.

Month of inventory, an indicator which is pictured in the accompanying graph and measures the amount of time it would take to buy up all of a given month's inventory at that month's pace of sales, rose to 8.4 months. This represents a 20 percent increase over last August's 7.0 months of inventory.

-- RICH TOSCANO



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

A Barrel of Laughs:

 

More on the federal judge's Tijuana sewage decision.

Friday, September 14 -- 3:18 pm

Same-Sex Marriage Revisited:

 

The council will likely advocate for same-sex marriage.

Friday, September 14 -- 3:11 pm

No Sewage Extension, Yet:

 

Judge refuses U.S. government request to delay Tijuana sewage treatment.

Friday, September 14 -- 3:00 pm


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SURVIVAL IN SAN DIEGO

Housing Commission Chief to Retire :

 

Announcement comes as HUD approves agency's plans to remove itself from federal public housing program.

Friday, September 14 -- 10:31 am

LETTERS TO THE EDITOR

Powerlink Means Further Dependence on Fossil Fuels:

 

Thursday, September 13 -- 7:40 pm

CAFÉ SAN DIEGO

Responses to Readers:

 

Since we already have say 3,000 private contracts, does that not give us sufficient sample size to find out which private contracts have saved taxpayers anything?

Friday, September 14 -- 5:58 pm

COMMENTARY: SLOP

KPBS the Monopoly:

 

The city attorney apparently suspects the public radio station of violating antitrust laws.

Thursday, September 13 -- 6:15 pm

COMMENTARY: RICH TOSCANO

August Defaults and Foreclosures :

 

Unemployment is low, but defaults and foreclosures are shattering all records.

Thursday, September 13 -- 10:23 am

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This Just In

School Testing Trouble on the Radio:

 KPBS airs a segment about student testing and its discontents. » Dec. 1 -- 10:00 am



The Beautiful People:

 Get to know some San Diegans you never might have met.

Dec. 1 -- 9:59 am


Incoming Council Members Weigh In on Budget Decision:

 Three out of the four new arrivals indicate they would have voted to save libraries and recreation centers.

Nov. 26 -- 5:22 pm


SURVIVAL IN SAN DIEGO

41 Trees in Three Days:

 An update from Alan House, the cemetery manager who moonlights as a Christmas tree farmer.

Dec. 1 -- 3:12 pm



LETTERS TO THE EDITOR

Testing Trumps Teaching:

 Assessments are necessary but classroom teachers should determine which assessments to use.

Nov. 25 -- 7:55 pm



CAFÉ SAN DIEGO

Voters Value Good Government:

 Nationally and locally, voters didn't just elect new governments on Nov. 4. They opened the door to new roles for government.

Nov. 25 -- 6:39 pm



COMMENTARY: SLOP

Our Audience:

 A quick point about that NYT article.

Dec. 1 -- 3:10 pm



COMMENTARY: RICH TOSCANO

Home Price Chartfest:

 Some more visuals on the latest Case-Shiller home price index release.

Nov. 28 -- 11:50 am


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