San Diego HPI -7.3% in June . . . any questions?

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Submitted by POZ on August 28, 2007 - 10:50am

Case-Shiller HPI report for June:

http://www.marketwatch.com/news/story/us...

If you look at the bottom you will see that San Diego is in the third spot Behind Detroit (who has a job loss problem) and just barely behind Tampa FL.

‹ G Chamberlin gloating today on KOGO The built-in fridge ›
June 2007 Case-Shiller Data
Submitted by scott on August 28, 2007 - 10:53am.

June 2007 Case-Shiller Data out today:
SD:
-7.30% YoY
-0.19% one month
-7.58% since November 2005 peak

Case Shiller's methodology
Submitted by JES on August 28, 2007 - 11:08am.

Case Shiller's methodology seems to be fairly accurate. I just looked at a property online in San Marcos that sold for 600k in 05', 550k this year, or 8.3% less. This is one of many homes I have seen that have sold this year for 5-10% off peak, so these numbers seem about right. And then there are some areas that are flat, others that are down 15-20%, and averaged they also bring you to that same range of a market that is down 7-8% overall, with the caveat that it all depends on which area of SD you live.

Denver down only 1%,
Submitted by kicksavedave on August 28, 2007 - 12:21pm.

Denver down only 1%, (despite massive foreclosures) Charlotte and Seattle up ~7 and ~9 % respectively. This is somewhat confirming what I thought - there is a mass exodus from SoCal and Florida, to more affordable areas like Seattle, Denver, Charlotte, Atlanta, etc. My wife and I are one of a half dozen couples we've met in the last three months, who left Cali for Colorado for housing based on sane fundamentals. We'll be happy to come back if things ever turn back to normal in SoCal. Looks like we're about 8% of the way to a target of 50%, which would make things about normal, based on income.