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Standard & Poor's Case-Shiller Home Price Indices Released

By Eric Colona

Real Estate Agent with RE/MAX United

December 28, 2011 01:44 PM

Standard & Poor's Case-Shiller Home Price Indices were just released. Compared to September, San Diego’s home prices fell 0.6 percent in October. Nationwide the numbers were worse than San Diego. Home prices were 4.5 percent lower than the same period last year. Nationally home prices were down 3.4 percent. Your home is your biggest investment, knowing its value is important. Find Out How Much Your San Diego Home is Worth, go here now! http://www.SDfreeHomePricing.com http://www.howmuchismysandiegohomeworth.com/standard-poors…dices-released/ http://youtu.be/5ij91aEsAUc

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Joan Whitebook

BHG The Masiello Group - Nashua, NH

Consumer Focused Real Estate Services

I wish the report was not always so many months behind... It is very confusing for the consumer and it is difficult to know where things are in a given part of the real estate market.

Dec 28, 2011 01:53 PM

James Lyon

LyonSF - San Francisco, CA

916-521-1214

I also wish they were more current. This is through Oct. and it is almost Jan.

Dec 28, 2011 01:54 PM

Eric Colona

RE/MAX United - Carmel Valley, CA

It is always a few months behind because it is a very exact index. All of the numbers have to be first complete and correct, then tabulated and analyzed. All together it takes a couple of months to do. Of course everything has been at least double checked.

The thing the consumer needs to be clear on is that the numbers are for the entire market, not there subdivision or their home. The results are only used to compare growth in the market, not the value of an individual home or even a neighborhood. Also the month verse previous month is never a good indicator because people tend to buy real estate in seasons and comparing January closes (people who home shopped during the holidays -nobody) vs Feburary closes (people who shopped during January after their lives are back to routine- everybody) is comparing apples to oranges. However the opposite is true for x month this year versus the same month last year, that is an excellent indicator of the real estate market.

Dec 28, 2011 04:23 PM

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Eric Colona

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