U.S. Home Sales Prices
They say a picture is worth a thousand words. So for all of you who believe 2009 was a year of base building in real estate home values I give you the S&P Case-Shiller data on home prices for October 2009 in graphic form. The graph is courtesy of Tim Iacono who writes the blog ‘The Mess That Greenspan Made’ (http://themessthatgreenspanmade.blogspot.com/).
home sales prices
The only good news from this chart is that San Diego home prices had one of the smallest declines in value.
Poway California home sales
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I also wouldn’t get too complacent. The FIRST leg down in the U.S. housing market was essentially just knocking the stuffing out of the most-overvalued markets. With home prices now having essentially equalized across the U.S., the NEXT leg down will hit ALL regions.
Del Mar real estate market