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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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Curious for more information about next week's airport vote? Listen to this.
Wednesday, November 1 -- 5:28 pm
Duncan Hunter gives Newsweek a new rationale for his decision to run for president.
Wednesday, November 1 -- 5:02 pm
Long-time employees offered voluntary buyouts.
Wednesday, November 1 -- 1:55 pm
SURVIVAL IN SAN DIEGO
'The tent' shelter opens today with beds, meals and health services triage for at least 200 homeless people. Even the chiropractors are coming.
Wednesday, November 1 -- 7:57 am
LETTERS TO THE EDITOR
Wednesday, November 1 -- 4:21 pm
CAFÉ SAN DIEGO
The surf spot formerly known as "Harry's."
Wednesday, November 1 -- 3:05 pm
COMMENTARY: SLOP
As the U-T rearranges itself, it should know that more people are interested in what might happen than just its employees.
Wednesday, November 1 -- 6:33 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
A little recognition. » Nov. 21 -- 4:03 pm
It doesn't look like the mayor has the City Council votes to shut down libraries and rec centers.
Nov. 21 -- 2:02 pm
The first day a store opens, shoplifters have a field day.
Nov. 21 -- 11:43 am
SURVIVAL IN SAN DIEGO
Retail and construction sectors lose a combined 10,000 jobs over the year in San Diego County.
Nov. 21 -- 5:43 pm
LETTERS TO THE EDITOR
Time to pony up.
Nov. 20 -- 7:20 pm
CAFÉ SAN DIEGO
Follow up to your responses and questions.
Nov. 20 -- 7:07 pm
COMMENTARY: SLOP
It's not looking like he did.
Nov. 21 -- 4:50 pm
COMMENTARY: RICH TOSCANO
Home sales have exploded in low-priced areas of San Diego even as they decline in pricier neighborhoods.
Nov. 20 -- 11:13 pm
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