I will have the complete March rodeo up this week; in the meantime, I have written up (and graphed) the March size-adjusted median price figures at voiceofsandiego.org.
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I will have the complete March rodeo up this week; in the meantime, I have written up (and graphed) the March size-adjusted median price figures at voiceofsandiego.org.
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April 7, 2009 @ 12:55 PM
Looks like we are at the
Looks like we are at the bottom to me. OK so it’s the bottom of the graph…but hey it’s a bottom!
April 7, 2009 @ 2:44 PM
I’m curious what a “month
I’m curious what a “month over month” percent decline might be. Since May ’07, the decline seems pretty straight. This would indicate that as a monthly rate of return, things are getting worse, right? In other words, if your $100k home loses $2k every month, you’re losing 2% of the PEAK value each month — what we see in the above graph. However, your home is now worth $50k, and you are going to lose another $2k this month. That’s a 4% monthly decline. So as a “month to month” rate of return, the decline is accelerating.
Doesn’t this mean housing is becoming a worse and worse investment — despite the lower prices?
April 14, 2009 @ 6:58 PM
Excellent point!
Excellent point!
April 11, 2009 @ 2:03 PM
Its the bottom of that
Its the bottom of that particular graph. Of course, it will probably continue to slide down to an “adjustment” level but remember, you guys were living in a bubble for years. Its about time your prices adjusted to reality.