San Diego Housing Market News and Analysis
Low-Priced Home Whackage in February's Case-Shiller Index
Submitted by Rich Toscano on April 26, 2011 - 6:44pm
Home price data that is more timely than the Case-Shiller index has suggested that San Diego prices, on the whole, may be undergoing a bit of a spring thaw. So I don't make too much of the fact that February's Case-Shiller index (which is calculated based on sales that took place in December, January, and February) declined by 1.3 percent in aggregate.
It is interesting, however, that the low-priced tier of the index dropped as much as it did. After weathering the recent fall/winter lull better than the other tiers, the low-priced homes were spanked for 2.7 percent in February. The middle tier was down 1.4 percent and the high tier by .5 percent for the month.
continue reading at voiceofsandiego.org
~Active forum topics~
~SD Home Price Snapshot~
|* Investment advisory services and securities offered through Girard Securities, Inc., member FINRA and SIPC. Investment advisory services also offered through Crawford Capital Management, Inc. Pacific Capital Associates and Crawford Capital Management, Inc. are not affiliated with Girard Securities, Inc.|