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New_Renter
16 years ago

Rich,
I just want to extend

Rich,
I just want to extend a huge THANK-YOU for building/maintaining this blog and publishing this data and your analysis (and I know I speak for many others). It is bar none the best (and probably the only) place on the web to get a fully consolidated, unbiased look at the San Diego residential real estate market, with incredibly insightful analysis to boot! You tell it like it is. Kudos, you da man!
New_Renter

(former)FormerSanDiegan
Reply to  New_Renter

Nice update Rich.
This

Nice update Rich.

This reminds me … I saw a red stain on the road yesterday.
It was either vandalism via paint-can-dropping or perhaps there really is some blood in the streets.

CricketOnTheHearth
16 years ago

I notice that many of these
I notice that many of these graphs fall off the cliff starting right around August… when lending suddenly tightened.

>chirp<

Anonymous
Anonymous
16 years ago

Hi Rich,
Thanks for all the

Hi Rich,

Thanks for all the charts and the insightful analysis.

Not to ask for more, but how about the inflation adjusted price decline? I always enjoy this one – I think too many people forget about the true wealth lost.

Thanks!

robson
16 years ago
Reply to  Anonymous

according to
according to http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0 San Diego’s CPI from 2nd half 2005 (the peak) was 222.9
The reading for the first half of 2007, the most recent reading, is 231.9. A simple trend line puts 2nd half 2007 at about 234. This equates to about 5% inflation over the 2 year period, so just add 5% for a rough estimate.
Per Dataquick data, Peak was 518,000, November 2007 was 440,000. This is a 15% fall unadjusted. The adjusted figure is (222.9/234)*$440,000=$419,128, a 19% fall.

CAwireman
16 years ago

So Rich, these numbers are
So Rich, these numbers are real declines and not inflation adjusted? Or are they indeed inflation adjusted?

If these graphs are not inflation adjusted, would, as Robson illustrates in an example above, the declines be steeper or would they be more tame?

I appreciate having a forum full of contibutors who know more about economics than I do.

HiggyBaby

Anonymous
Anonymous
16 years ago

Rich,
I appreciate the

Rich,

I appreciate the quantitative approach you take to real property valuation in the article above. I have a question about the labeling of the charted data. Most charts refer to ‘San Diego’ residential real estate and some refer to ‘San Diego County’ residential real estate. Would you please confirm that the data for all the charts in the article are based on San Diego County real estate prices? I believe that was your intent.

Thanks,

Tom@CalCoastRealty.com