San Diego Home Prices
San Diego Home Prices
This 
morning’s release of the S&P/Case-Shiller Home Price Indices for April confirmed the huge snapback in San Diego home prices. residential real estate prices increased almost 15% when compared to April 2012, and approximately 4% when compared to March 2013.
“The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. Read more 
S&P/Case Shiller Home Prices – Best Increase Since 2006
Home Prices Increase
The just released S&P/Case Shiller composite index of 20 metropolitan areas gained 1% in January on a month-on-month basis. But, the big news was that the 20 cities index climbed 8.1 % on a year-over-year basis! Read more
Home Prices End 2011 Down
Home Prices
Home prices
Today, the much awaited S&P/Case Shiller composite index of 20 metropolitan areas was reported. Today’s report showed that this index declined 0.5 percent on a seasonally adjusted basis, after falling 0.7 percent in November.
The 20-city index fell to it’s lowest level since January 2003. Read more
Real Estate Market Double Dip
According to the S&P/Case-Shiller index of home prices in 20 cities, home values are down 32% from their peak set in May of 2006.
S&P/Case-Shiller just reported that February home prices sank 3.3% to just above the post-crisis lows reached in April 2009. It was the seventh straight month of declines.
The only housing market in the 20 cities followed, only Washington recorded a price increase from last year of 2.7%. Read more
San Diego Home Price Appreciation Eases
San Diego home prices
San Diego home prices slow down in August according to the S&P/Case-Shiller Home Price Indices. Annual growth rates slowed down in the three California cities, with Los Angeles, San Diego and San Francisco posting annual gains of +5.4%, +6.9% and +7.8%, respectively – a significant drop from the +7.5%, +9.3% and +11.2% reported for July.
Seventeen of the 20 cities and the Composites saw a weakening in year-over-year figures, as compared to July.
With August data, we find that 15 of the 20 MSAs and both Composites saw prices fall from their July values. Chicago, Detroit, Las Vegas, New York and Washington DC were the only five cities that recorded margina l improvements in home prices over July. The 10- and 20-City Composites were down 0.1% and 0.2%, respectively, in August versus July.
The table below summarizes the results for August 2010. The S&P/Case-Shiller Home Price Indices are revised for the 24 prior months, based on the receipt of additional source data.
| August 2010 | August/July | July/June | |||
| Metropolitan Area | Level | Change (%) | Change (%) | 1-Year Change (%) | |
| Atlanta | 109.09 | -0.8% | 0.3% | -2.0% | |
| Boston | 158.35 | -0.3% | 0.6% | 1.5% | |
| Charlotte | 116.60 | -0.4% | -0.2% | -3.4% | |
| Chicago | 126.70 | 0.4% | 1.0% | -2.9% | |
| Cleveland | 107.00 | -0.3% | 0.0% | -0.4% | |
| Dallas | 119.41 | -1.1% | -0.3% | -1.7% | |
| Denver | 128.57 | -0.1% | -0.4% | -1.2% | |
| Detroit | 71.54 | 0.5% | 1.6% | -0.1% | |
| Las Vegas | 101.03 | 0.1% | -0.8% | -4.5% | |
| Los Angeles | 175.55 | -0.4% | 0.3% | 5.4% | |
| Miami | 147.47 | -0.3% | 0.7% | -1.0% | |
| Minneapolis | 126.53 | -0.3% | 0.7% | 2.9% | |
| New York | 175.27 | 0.2% | 1.2% | 0.1% | |
| Phoenix | 108.84 | -1.3% | -0.6% | 0.4% | |
| Portland | 147.02 | -0.9% | -0.3% | -2.3% | |
| San Diego | 163.99 | -0.6% | 0.7% | 6.9% | |
| San Francisco | 142.83 | -0.3% | 0.5% | 7.8% | |
| Seattle | 145.93 | -0.8% | 0.1% | -2.4% | |
| Tampa | 137.53 | -0.5% | -0.2% | -4.1% | |
| Washington | 188.26 | 0.3% | 1.0% | 4.8% | |
| Composite-10 | 162.13 | -0.1% | 0.8% | 2.6% | |
| Composite-20 | 148.59 | -0.2% | 0.6% | 1.7% | |
| Source: Standard & Poor’s and Fiserv | |||||
| Data through August 2010 | |||||
California home foreclosures
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%. Read more
Real Estate Market News … Positive & Negative
CNBC's Jim Cramer recently interviewed Toll Brothers CEO Robert Toll and his take on the national housing market got a lot of play. The homebuilder said he see signs of a rebound in "80% of the country." He backs this up by reporting that "expressions of interest" ($1,000 refundable deposits) are up over last year.
Countering this positive news was another negative S&P/Case-Shiller home price index. Case-Shiller has been heavily criticized lately from experts who doubt whether limiting the data to 20 selected metro areas gives an accurate picture of price changes across the country. Many of these areas have been heavily affected by foreclosure sales. At least the latest Case-Shiller did NOT set a new record low – for the first time in 16 months!
Last Thursday it was reported the rate for 30-year fixed-rate conforming mortgages averaged 4.78% with an average 0.7 point. It's down over 1.6% from the peak in October, which adds up to a savings of around $212 per month on a $200,000 loan. It should be noted these rates and fees are for borrowers with 20% down payments and good credit ratings. Other loans carry higher rates and points.
>> Review of Last Week
BACK ON TRACK… The major stock market indexes went up again last week, as they did for six straight weeks until some minor slippage the week before. This was encouraging because there were a few fairly negative pieces of news, although positive indicators prevailed as the week wore on. The negatives started with Sunday's concerns over a swine flu outbreak, which stayed in the headlines throughout the week. Thankfully, there were only 331 worldwide cases confirmed by Friday.
Other off-putting news included Wednesday's advanced Q1 GDP reading of –6.1%, worse than expected. Thursday, Chrysler declared bankruptcy to ease its debt burden, though it seems poised for recovery with a deal that gives Fiat a big stake in the company. We also had reports that Bank of America and Citigroup may have to rai se more capital based on their stress tests. Friday, the government said it would postpone publishing full stress test results until this Thursday.
The week's good news? April's ISM Manufacturing index surpassed expectations for the fourth month in a row! Some economists say this shows the contraction in manufacturing is quickly slowing and the overall economy is on the verge of recovery. This view was bolstered by a better than expected reading on manufacturing from the Chicago PMI. Consumer Confidence was well above estimates and the University of Michigan's consumer sentiment index also had a big boost for April. Some experts feel this shows Q1's increase in consumer spending will continue.
The Dow ended the week UP 1.7%, to 8212.41; the S&P 500 was UP 1.3%, to 877.52; and the NASDAQ went UP 1.5%, to 1719.20.
Inflation concerns and the stock market's resurgence all slowed demand in the bond market and drove prices down. So the benchmark 10-year Treasury's yield, which runs counter to price, inched up again, to 3.176%. In spite of this rise, mortgage rates on average are still at historically low levels. This post information was provided by: Greg Brooks southwest area manager San Diego Mortgage Network (800) 287-8292 x 225 San Diego real estate