San Diego California Home Values Fall 16.7% - 03/26/08 03:12 PM
Yesterday, the S&P/Case-Shiller home-price index dropped 10.7 percent from January 2007, after a 9 percent year-on-year decrease through December 2007. This gauge has fallen for 13 consecutive months! The index was created by Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, and Karl Case, an economics … (0 comments)
Carnival of Real Estate Honor - 03/25/08 03:31 PM
I'm proud to say that my blog post Does the National Association of Realtors really need an economist? posted to the San Diego real estate blog on 3-14-08 was selected as one of the top tem blog posts in the inmanews (Joel Burslem) 3-24-08 Carnival of Real Estate. Nice to be … (2 comments)
Home Values Fall in the West! - 03/24/08 04:06 PM
The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. But, here in the West, sales of existing homes actually dropped by 1.1 percent! Also, reported by NAR was the fact the median existing … (0 comments)
Fannie Mae and Freddie Mac pump up to $200 billion into real estate market - 03/20/08 11:50 AM
The Fed has allowed Fannie Mae and Freddie Mac to ease capital requirements, allowing them to pump up to $200 billion into the distressed US mortgage market. This was done by lowering to 20 percent from 30 percent the amount of extra capital the companies are required to hold. The … (0 comments)
#1 Question Asked About San Diego California Real Estate - 03/14/08 03:54 PM
For San Diego, the summer of 2005 was the peak in the real estate bubble. Now almost 2 1/2 years into the steady deterioration of San Diego home values, the predominant question asked by most potential home buyers is: “Has the San Diego real estate market bottomed out, or when do … (6 comments)
Does the National Association of Realtors really need an economist? - 03/14/08 02:55 AM
I've been a member of the National Association of Realtors (NAR) for over 30 years and I'm hard-pressed to remember the Association forecast being anything but overly optimistic.I'm also a member of the San Diego Association of Realtors and the California Association of Realtors. I have nothing against realtor associations but … (6 comments)
San Diego Home Sales & Home Values Plunge - 03/13/08 06:01 PM
DataQuick, based in La Jolla, CA, reported today that sales fell 39 percent from a year earlier in Los Angeles, Orange, San Diego, Riverside, San Bernardino and Ventura counties. There were 10,777 homes sold in February in those six counties. Southern California's home sales volume has hit new lows every month … (0 comments)
San Diego Real Investing vs Gold Investing - 03/11/08 01:17 AM
Gold and platinum prices have risen more than 200 percent since 2001 and are hitting historic highs this year. A recent Bloomberg headline that I thought was right to the point: "Gold beats financial assets on global distrust of central banks." This is why people need to own gold. You … (0 comments)
California New Construction Takes Huge Drop - 03/06/08 01:27 PM
According to the latest data from the California Building Industry Association (CBIA), new home construction starts in California fell 62 percent in January. Chief Economist Alan Nevin said the drop in new residential projects breaking ground coupled with the ongoing push to move existing inventories, carry the potential to produce a … (0 comments)
;)
Links;)
Archives
Yesterday, the S&P/Case-Shiller home-price index dropped 10.7 percent from January 2007, after a 9 percent year-on-year decrease through December 2007. This gauge has fallen for 13 consecutive months! The index was created by Robert Shiller, chief economist at MacroMarkets LLC and a professor at Yale University, and Karl Case, an economics … (0 comments)
