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Home Prices Still Declining
 DataQuick's monthly bolus of real estate statistics has arrived and been duly reported upon by our friends at the Union-Tribune. Executive summary: the median San Diego home price is down 4.4 percent in the past year.
Our preferred pricing indicator here at voiceofsandiego.org indicates that things may be slightly worse than even that. The median price per square foot is down about 6 percent since last year. That's for resale homes, whose prices seem to have been holding up better than those of new homes (the new home median was down 17 percent from a year ago).
In a related note, much has recently been made of a Moody's Economy.com housing forecast that predicted an 8.5 percent price decline for San Diego homes by mid-2008. Yet for as much angst as the Moody's report generated, it seems like rather an optimistic forecast considering that San Diego prices have already declined by almost that much. And between here and 2008 lie a lot of exotic mortgage resets.
-- RICH TOSCANO
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Congressman rakes in campaign contributions from some sources caught up in lobbying investigations.
Tuesday, October 31 -- 5:31 pm
Union-Tribune ownership selling several Midwestern newspapers.
Tuesday, October 31 -- 4:00 pm
Things shaping up 'better than some might have thought' in Chula Vista, official says.
Tuesday, October 31 -- 3:10 pm
SURVIVAL IN SAN DIEGO
Whoooooo wants to buy a spooky shack?
Monday, October 30 -- 3:29 pm
LETTERS TO THE EDITOR
Tuesday, October 31 -- 1:42 pm
CAFÉ SAN DIEGO
If I had a dollar for every converter who has told me over the last year that his or her project was good for affordable housing, good for the neighborhood, or good for consumers, I could have retired already.
Tuesday, October 31 -- 3:07 pm
COMMENTARY: SLOP
Some say the congressman might leave his seat in the House no matter what his desires for the White House are. Who would replace him?
Monday, October 30 -- 12:17 pm
COMMENTARY: RICH TOSCANO
The last piece (seriously) on San Diego's population changes.
Monday, October 30 -- 11:58 am
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This Just In
Congressman rakes in campaign contributions from some sources caught up in lobbying investigations. » Oct. 31 -- 5:31 pm
Union-Tribune ownership selling several Midwestern newspapers.
Oct. 31 -- 4:00 pm
Things shaping up 'better than some might have thought' in Chula Vista, official says.
Oct. 31 -- 3:10 pm
SURVIVAL IN SAN DIEGO
Whoooooo wants to buy a spooky shack?
Oct. 30 -- 3:29 pm
LETTERS TO THE EDITOR
Oct. 31 -- 1:42 pm
CAFÉ SAN DIEGO
If I had a dollar for every converter who has told me over the last year that his or her project was good for affordable housing, good for the neighborhood, or good for consumers, I could have retired already.
Oct. 31 -- 3:07 pm
COMMENTARY: SLOP
Some say the congressman might leave his seat in the House no matter what his desires for the White House are. Who would replace him?
Oct. 30 -- 12:17 pm
COMMENTARY: RICH TOSCANO
The last piece (seriously) on San Diego's population changes.
Oct. 30 -- 11:58 am
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