Home Prices Jump in January
Home Prices Jump
The S&P Case-Shiller home price index was just released. And he showed that nationally the average residential home price increased in January and now show a annual rise of 5.7%!
It seems that because all of our shortage of supply in the residential housing market home prices that are now rising at twice the rate of inflation!
Here in San Diego California home prices rose by 4/10 of 1% from December 2015 to January 2016 according to the Case-Shiller report. Actually that increase was 2/10 of a percent lower than the monthly increase reported by Case-Shiller for the period of November to December 2015. But, on an annual basis home prices in San Diego according to Case-Shiller have increased by 6.9% substantially over the national home price increases. Read more
Home Prices Increase
Home Prices Increase
New York, January 26, 2016 – S&P Dow Jones Indices today released the latest results for the S&P/Case -Shiller Home Price Indices, the leading measure of U.S. home prices. Data released today for November 2015 show that home prices continued their rise across the country over the last 12 months.
The S&P/Case – Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 5.3% annual increase in November 2015 versus a 5.1% increase in October 2015. The 10-City Composite increased 5.3% in the year to November compared to 5.0% previously.The 20-City Composite’s year-over-year gain was 5.8% versus 5.5% reported in October. Read more
San Diego Home Prices – Case Shiller
San Diego Home Prices
The latest S&P Case-Shiller Case Shiller Home Price Index report showed that for April the year over year home price appreciation in San Diego, California was 4 1/2%.
This increase in home prices was slightly below the average for the 20 city index tracked in this report. The average for the 20 cities tracked for April was 4.9% residential home price appreciation. Read more
San Diego home price appreciation
San Diego home price appreciation
In a it was shown that San Diego home appreciation continued in April at a rate of 5.3% over April 2014. Surprisingly, San Diego’s home appreciation was lower than the national average for April, which came in at 6.8%.
The fact that home mortgage rates remain under 4% has been a boost to the housing market and home appreciation throughout the country. The other main factor affecting home appreciation is the fact that here in San Diego there is a supply demand imbalance. There is a shortage of homes for sale creating a very tight market. Read more
San Diego Home Prices Rise
San Diego Home Prices
With today’s release of the S&P Case-Shiller Home Price Index report, which tracks residential home price appreciation in 20 major cities throughout the United States, San Diego home prices saw a 4.78% year over year appreciation for December 2014.
The S&P Case-Shiller Home Price Index report always has a lag time of two months. Some other notable facts in this report were that the highest year-over-year appreciation for December 2014 was seen in San Francisco, where they had a 9.3% increase. Coming in close second for best appreciation for the December 2012 year-over-year, was Miami at 8.4%. Read more
San Diego Real Estate Market 2014
San Diego real estate market 2014
Yesterday, the San Diego Association of realtors reported that although the median San Diego home sales price has stabilized above $500,000, single-family home resales for July decrease by 13% compared to sales in June. During the same period, sales of previously owned condominiums and townhomes fell about 2%.
San Diego Home Prices – Highest Since 2007
San Diego Home Prices
In a report from the San Diego Association of Realtors the median home price was up again May. but not at the pace of a year ago. The year-over-year increase was 7 percent this May, but it was about 20 percent in May 2013.
Also, it was noted that in May, the number of active San Diego homes for sale increased to over 7,000 active home listings in the San Diego MLS system. Read more
San Diego Home Prices Number 1 in S&P Case-Shiller Report
San Diego Home Prices
The S&P Case-Shiller Report tracks real estate prices in 20 major metropolitan cities. Today, the February 2014 Case-Shiller Report was released, and it showed that as far as month to month average home prices, San Diego recorded the highest gain at up 1%! Following close behind, were Portland, Oregon, Seattle, San Francisco, Los Angeles and Washington, DC. Read more
San Diego 2014 Real Estate
San Diego Real Estate
Dataquick, a real estate reporting company just issued a report that shows that San Diego housing market dipped slightly again in January as home sales hit their lowest levels in the past three years.
San Diego home prices also dipped in January with the median home price, falling $15,000 from December. But, even with that drop the January 2014 median San Diego home price was still up 15.7% from January 2012. Read more
San Diego Home Prices Flat
San Diego Home Prices Flat in November
Today the latest S&P/Case – Shiller Home Price Indices were released for November 2013. The index of home prices in 20 top cities fell 0.1% in November. A separate 10-city index also fell by 0.1%, Standard & Poor’s/Dow Jones Indices said in a statement. The 20-city index showed prices 13.8% higher than a year earlier, while the 10-city index rose 13.7%.
The company said the dip is not a reversal of the housing recovery. Prices typically dip in November and this performance was the best for any November since 2005. Read more