Today’s Case-Shiller Index showed Bay Area home prices generally holding flat from November, 2011 through February, 2012. During those four months, the index held between 128.07 and 128.84, roughly the same as it did back in November-December of 2000. Nationally, from Standard & Poors: “While there might be pieces of good news in this report, [...]
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Today Trulia announced the Trulia Price Monitor, which measures changes in listing prices of homes within their coverage areas. What’s interesting about this index is that reflects what’s happening now, as opposed to Case-Shiller and other indexes which measure sold prices of homes that actually went “pending” several months earlier. In short, this index can [...]
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I’m not going to pick the bottom of the housing market just yet, but I am willing to concede that, for many people, it just doesn’t matter anymore. In some neighborhoods across the Bay Area, home prices may drift 10-20 percent lower over the next few years. In others, they could stay roughly flat or [...]
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We’ve seen some seriously conflicting housing headlines recently… The data looks bad: Case-Shiller: Home Prices Continued to Fall in January Case-Shiller March Breakdown for San Francisco Bay Area RadarLogic: Housing Bottom Still Out of Sight Existing Home Sales Slowed in February Just How Weak Is The Demand For New Housing? The median price of Bay Area homes sold in [...]
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Both the 10-city and 20-city composite indexes saw home prices decline 0.8% from December to January. From Standard and Poors: Data through January 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed annual declines of 3.9% and 3.8% for the 10- and 20-City Composites, respectively. [...]
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April 24, 2012
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