“There is no good news in the report,” said David M. Blitzer, chairman of the index committee for Standard & Poor’s. “Home prices across the country continue to fall.
Metro area Oct/Sep% Sept/Aug% 1 year%
San Diego -1.5% -1.0% 3.0%
“Only four cities in the report — Los Angeles, San Diego, San Francisco and Washington, D.C. — reported home prices that were higher in October 2010 then they were in October 2009. In San Diego, prices were up 3 percent year over year.”
Great time to sit and watch in Atlanta, Chicago, Detroit, or Phoenix…..
😉
San Diego? Hmmmm……[/quote]
I think getting back to numbers similar to inflation would be nice. For most folks who have a mortgage, seeing 3% growth when you have 10 or 20% down in a low inflationary environment is pretty awesome (the leverage works out to 30% or 15% gains on your money?).
