|
|
|
|
an independent nonprofit |
|
|
|
|
|
|
|
August Home Prices
 The size-adjusted median home sale price registered another decline in August. Over the past twelve months, according to this measure, single family resale home prices are down 5.4 percent while condo prices are off 7.3 percent. Since the series peaked in September 2005, the single family home price has declined 9.4 percent and the condo price by 12.6 percent.
In the first half of 2007, the median-based price measures got fairly out of step with the more accurate but less timely Case-Shiller Home Price Index because the subprime-only mortgage tightening caused the median indicators to overstate actual pricing power. Now that the credit crunch is affecting the entire housing market, it's possible that the size-adjusted median will once again start accurately reflecting what's going on.
However, the tightening didn't begin until August, while the August sales data reflects the closing of deals that were primarly made in July. Round two of the mortgage credit crunch probably won't make itself fully known until we get next month's housing data.
-- RICH TOSCANO
|
More on the federal judge's Tijuana sewage decision.
Friday, September 14 -- 3:18 pm
The council will likely advocate for same-sex marriage.
Friday, September 14 -- 3:11 pm
Judge refuses U.S. government request to delay Tijuana sewage treatment.
Friday, September 14 -- 3:00 pm
SURVIVAL IN SAN DIEGO
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
Thursday, September 13 -- 7:40 pm
CAFÉ SAN DIEGO
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
The city attorney apparently suspects the public radio station of violating antitrust laws.
Thursday, September 13 -- 6:15 pm
COMMENTARY: RICH TOSCANO
Unemployment is low, but defaults and foreclosures are shattering all records.
Thursday, September 13 -- 10:23 am
|
|
|
|
This Just In
KPBS airs a segment about student testing and its discontents. » Dec. 1 -- 10:00 am
Get to know some San Diegans you never might have met.
Dec. 1 -- 9:59 am
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
An update from Alan House, the cemetery manager who moonlights as a Christmas tree farmer.
Dec. 1 -- 3:12 pm
LETTERS TO THE EDITOR
Again. ... libraries shouldn't be first to suffer at hands of city's budget crisis.
Dec. 1 -- 4:54 pm
CAFÉ SAN DIEGO
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
A quick point about that NYT article.
Dec. 1 -- 3:10 pm
COMMENTARY: RICH TOSCANO
Some more visuals on the latest Case-Shiller home price index release.
Nov. 28 -- 11:50 am
|
 |
|
|
|
Copyright © 2008 voiceofsandiego.org. All Rights Reserved.
|
PRINT 
E-MAIL STORY
SHARE
FACEBOOK
REDDIT
NEWSVINE
DIGG
DEL.ICIO.US
BLINKLIST
