March Home Prices Best In 7 Years
Home Prices Increase
The real estate tracking company CoreLogic, just reported this morning that their home price index jumped 1.9% from February to March. But, the big news was that the index for March 2013 was 10.5% higher than the year ago period! This was the biggest increase for the home price index since March 2006. Read more 
The National Inflation Association announced prediction for real estate in 2011:
The median U.S. home will decline sharply priced in silver.
2011 real estate market
For the past couple of years, being able to make ones mortgage payment has been the primary concern for the average American. In an attempt to support housing prices and keep mortgage interest rates at artificially low levels, the Federal Reserve has been implementing massive quantitative easing and buying mortgage backed securities. NIA believes the Federal Reserve will be successful at putting a nominal floor under Real Estate prices. NIA also believes that the Federal Reserve’s actions will cause a massive decline in the value of the U.S. dollar, which will allow Americans to more easily pay back their mortgages with depreciated U.S. dollars.
However, the Federal Reserve will not be successful at reinflating the Real Estate bubble. In fact, in terms of real money (gold and silver), NIA believes Real Estate prices will decline to record lows. The median U.S. home is currently priced at $170,600 or 5,500 ounces of silver. Priced in silver, the median U.S. home price is down 16% from one month ago and 45% from one year ago. After the inflationary crisis of the 1970s, silver rose to a high in 1980 of $49.45 per ounce. The median U.S. home price in 1980 was $47,200, which means the median U.S. home/silver ratio declined to a low of 954.
With the Federal Reserve printing money at an unprecedented rate and record amounts of new homes built during the recent Real Estate bubble, NIA believes it is inevitable that the median U.S. home will decline to a price of 1,000 ounces of silver this decade and possibly as low as 500 ounces of silver. In 2011, we believe a decline in the median U.S. home price to 4,000 ounces of silver is possible.
San Diego California Home Prices Increase
San Diego home sales
San Diego California home prices rose last month, for the eighth month in a row, as buyers took advantage of tax credits and low mortgage rates. MDA DataQuick reported that the May median price stood at $340,000, up 4.5 percent from April and up 15.3 percent from a year ago.
The combination of tax incentives and low mortgage rates helped stoke sales in mid- to high-end areas, where distress has increased over the last year and sellers have become more motivated and realistic.
Real Estate Prices Back to 2004 Levels
The Standard & Poor's/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago, according to Tuesday's report. Prices nationwide are at levels not seen since August 2004.
The Standard & Poor's/Case-Shiller narrower 10-city index also declined 16.3 percent in April, its biggest decline in its more than two-decade history.
In another report from the Office of Federal Housing Enterprise Oversight showed that U.S. home prices fell 4.6 percent in April from the same month last year. That marked the biggest decline ever in the agency's monthly index which dates back to January 1991. downtown San Diego California real estate brokers