S&P/Case-Shiller Home Prices in San Diego Increase
San Diego California home prices
In a report released this morning, home prices continued to show an annual rate of decline in the month of December, according to a report released by Standard and Poor’s , although the pace of the drop in home prices continued to slow. But, prices rose in four of 20 cities in December: Los Angeles, Phoenix, San Diego and Las Vegas. In San Diego home prices were up 2.7%.
The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index fell at an annual rate of 3.1 percent in December compared to a 5.3 percent decrease in November. Prices were lower in 13 of the 20 cities, led by a 20.6% drop in Las Vegas.
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Not that I think Las Vegas needs any more people in here, but those empty houses sure do need people to live in them!
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This’ll be great for business!
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