An index constructed by Yale economist Robert Shiller shows that house prices are down by 4.9 percent in the Boston area and by 6 percent in San Diego. Adjusting for inflation, Shiller's measure implies that the real price of an average house in San Diego is down by almost 10 percent from its year-ago level. That's real money! [tags]San Diego real estate, San Diego real estate bubble, housing bubble,San Diego home values,real estate market, San Diego homes[/tags] San Diego real estate agent
5 thoughts on “Yale economist Says San Diego Home Values Down 10% From One Year Ago!”
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Condos, especially conversion condos are really down closer to 20% in most San Diego areas. San Diego C21 agent
What about all of the clients we see that are having trouble keeping their marriages together and they think a new home will make them happy…are we responsible to make sure they don’t buy one in case they get divorced? We can tell them moving is stressful. We can tell them the house won’t make them happy if they are not already happy. We can tell them that they may be under MORE pressure to make payments on their new home. But what if they want to buy it anyway?
Bob
San Diego California Cosmetic Surgery
Realtors should not be giving ANY mortgage advice, appraisal advice, legal advice, environmental advice, construction advice, engineering advice, plumbing, electrical, Etc. Etc. Etc.
We are licensed ONLY to help connect buyers and sellers of real property. If a lawyer gives our clients bad legal advice, the lawyer is at fault. If an appraiser overestimates the value of a house, the appraiser is at fault. If a plumber doesn’t fix a leaky faucet properly, the plumber is at fault………and last but not least
If a lender puts a buyer in an inappropriate loan product or does not disclose to that buyer the risks of that product, the LENDER is at fault.
And in many cases:
The BUYER must share some responsibility!
Carli
San Diego Clinical Research
There is plenty of blame to go around. As for me and my house(my company) we will do what is right all the time period…We all need to do what is right all the time.
Betsey
California Bail Services
In the end, the coming days, weeks, and months, it will become increasingly more important that The Federal Reserve and it’s policy makers in the government keep an eye on both Wall Street and Main Street. America is made of lot of little guys that make our economy run…… If the little guy has a problem in our economy… The Big Guys in our economy feel the pinch.
Colton
Acne treatment