31
May
San Diego Home Prices
San Diego real estate double dip
The just released Case-Shiller home-price index showed that home prices fell in 18 of 20 cities in March. The only two cities to show slight increases were Washington, D.C., and Seattle.
The Case-Shiller home-price index is now below its April 2009 mark. What this is saying is that home prices have given back all gains they showed from May 2009 through June 2010. This confirms that the U.S. housing market is in a double-dip downturn. Read more 