The Index is a three-month rolling average of single-family resale homes involving the same property over time. It was set at 100 for January 2000, and in November 2009, it stood at 156.06 for San Diego County, meaning that homes here are selling for 56% more than they did in January 2000. It proves once again, I believe, that as a long-term investment, it's hard to beat real estate. It's when you think of real estate as a short-term investment or as a cash machine to finance new cars and vacations that you get into trouble. When buying a home, think long term!
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The Standard & Poor's/Case-Shiller Home Price Index released statistics showing San Diego County as one of only four metropolitan areas that had an increase in prices in November 2009 compared to November 2008. The other three were Dallas, San Francisco, and Denver.
let me Google one for you.
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Red Rock Real Estate (435) 632-9374 - St. George, UT
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Jim, We had our Economic Summit here a few weeks ago and we were told we've already hit bottom and home prices are just coming up a bit. Right now is a great time to buy!
Jan 31, 2010 10:36 AM
Tony Cordi, Broker (Beachtime Realty) - Hermosa Beach, CA
Brokers Guild Cherry Creek Ltd - Westminster, CO
Helping people Transition at all ages!
Jim....I agree with you, real estate has always been a great long-term investment.
Feb 01, 2010 03:43 AM
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist
Hey, everyone.
Thanks for stopping by and commenting.
I have read all the comments, but since this post is rather old, rather than making comments here in my post to each and every one of you, I'll just let everyone know that I have read all the comments and if there are any questions, I'll answer those. Otherwise I'll simply post this comment and then head over to your blogs soon to visit and do some reading and commenting. I hope you'll have a nice welcome mat out for me!
I'm still fighting to get an escrow closed that was supposed to close last week. As soon as I get everyone to jump through all these hoops, I hope to get back to being more regular here at ActiveRain rather than waiting until the weekend to do all my posts and reciprocal comments.
Don't forget to let your cat come out to play with all the other ActiveRain kitties. Your cat-friendly dogs can come, too!
If you need a great cat book, get yourself a copy of Peg Silloway's The Cat Lover's Book of Days.
Hope all is well with everyone.
Mar 19, 2010 01:18 PM
Rainmaker
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Jim Frimmer
Realtor & CDPE, Mission Valley specialist
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