|
|
|
|
|
|
|
Home Prices Drop Again in April
San Diego single family home prices as measured by the accurate-but-lagging Case-Shiller index took another hit in April. The overall index declined 2.6 percent from the prior month, 22.4 percent from the prior year, and 27.9 percent from the November 2005 peak.
 As usual, those aggregate numbers hide some huge disparities between homes at different price levels. The high-tier index (accounting for the upper one-third of sale prices) fell 1.5 percent for the month compared to 2.7 percent for the mid-priced tier and 3.5 percent for the low-priced tier. The accompanying graph shows that this pattern has been in place since the beginning of the decline. The vastly different performance on the way down is pretty much the flip side of the differences we saw on the way up, when lower-priced properties rose a lot further due to the explosion in subprime mortgage issuance.
April's decline in the aggregate index brought overall home prices back to a level last seen in November 2003. Adjusting for the effects of inflation as measured by the Consumer Price Index, home prices were just below where they had been in November 2002.
-- RICH TOSCANO
|
If you checked out the list of school bond projects last week, check again.
Monday, July 7 -- 3:50 pm
City Hall flooded with e-mails, calls protesting San Diego's honoring of Latino rights group
Monday, July 7 -- 3:47 pm
NY Times looks at San Diego's latest pension bet.
Monday, July 7 -- 5:56 pm
SURVIVAL IN SAN DIEGO
My dad caught some salmon, my sister's getting hitched and the Great White North beckons.
Friday, June 27 -- 5:42 pm
LETTERS TO THE EDITOR
Why has San Diego fallen off of the Los Angeles Times’ radar?
Monday, July 7 -- 4:11 pm
CAFÉ SAN DIEGO
And how did you get Susan Golding to talk? More reader questions on the George Gorton profile.
Wednesday, June 25 -- 1:28 pm
COMMENTARY: SLOP
The agency joins a long list of San Diego governments willing to spend the public's money telling them how to vote.
Sunday, July 6 -- 6:57 pm
COMMENTARY: RICH TOSCANO
The spring selling season has come and gone with no hint of the the typical seasonal rally in home prices.
Friday, July 4 -- 1:35 pm
|
|
|
Sign Up for Daily and Breaking News Alerts
 Don't want to miss a story? Want to be the first to know about breaking news? Sign up now.
This Just In
If you checked out the list of school bond projects last week, check again. » Jul. 7 -- 3:50 pm
City Hall flooded with e-mails, calls protesting San Diego's honoring of Latino rights group
Jul. 7 -- 3:47 pm
NY Times looks at San Diego's latest pension bet.
Jul. 7 -- 5:56 pm
SURVIVAL IN SAN DIEGO
My dad caught some salmon, my sister's getting hitched and the Great White North beckons.
Jun. 27 -- 5:42 pm
LETTERS TO THE EDITOR
Why has San Diego fallen off of the Los Angeles Times’ radar?
Jul. 7 -- 4:11 pm
CAFÉ SAN DIEGO
And how did you get Susan Golding to talk? More reader questions on the George Gorton profile.
Jun. 25 -- 1:28 pm
COMMENTARY: SLOP
The agency joins a long list of San Diego governments willing to spend the public's money telling them how to vote.
Jul. 6 -- 6:57 pm
COMMENTARY: RICH TOSCANO
The spring selling season has come and gone with no hint of the the typical seasonal rally in home prices.
Jul. 4 -- 1:35 pm
|
 |
|
|
|
Copyright © 2008 voiceofsandiego.org. All Rights Reserved.
|
PRINT 
E-MAIL STORY
SHARE
FACEBOOK
REDDIT
NEWSVINE
DIGG
DEL.ICIO.US
BLINKLIST