|
|
|
|
|
|
|
Mini-Rallies Aren't Meaningful
In my recent January home price data roundup, I included a graph of home prices during the early-1990s bust to illustrate that bouts of price strength were common even during a protracted downturn. A smart reader pointed out that mini-rallies were more than just common -- they were to be expected as part of the seasonal price cycle.
 With the exception of 1993, which was the most brutal year from a price perspective, the San Diego housing market experienced a brief rally every spring throughout the entire downturn. Every rebound probably provided a glimmer of hope that the bust was over, but in each case, prices went on to sink to new lows until the correction finally ended in 1996.
The lesson here is that because they tend to occur during bull and bear markets alike, spring home price rallies don't appear to have a whole lot of predictive value.
-- RICH TOSCANO
|
Mexican consul general sends letter that will kick off next step: a feasibility study.
Monday, March 19 -- 5:39 pm
With 2003 complete, the city might be caught up with the remaining audits by December, an outside firm said.
Monday, March 19 -- 2:10 pm
Council will try to take the next step toward Wall Street, decide its role in overseeing the budget, and hear the mayor's long-term management plan.
Monday, March 19 -- 11:41 am
SURVIVAL IN SAN DIEGO
SD mortgage lender says it won't stop making loans to out-of-the-box consumers, including those with spotty credit.
Friday, March 16 -- 1:05 pm
LETTERS TO THE EDITOR
Monday, March 19 -- 1:28 pm
CAFÉ SAN DIEGO
The airport authority has a unique structure that does not lend itself to accountability.
Friday, March 16 -- 5:21 pm
COMMENTARY: SLOP
What if we kill 'The Q' and get a new loan.
Sunday, March 18 -- 10:27 pm
COMMENTARY: RICH TOSCANO
Job growth was robust outside the housing beneficiary sectors. Inside, not so much.
Friday, March 16 -- 10:30 am
|
|
|
Sign Up for Daily and Breaking News Alerts
 Don't want to miss a story? Want to be the first to know about breaking news? Sign up now.
This Just In
Mexican consul general sends letter that will kick off next step: a feasibility study. » Mar. 19 -- 5:39 pm
With 2003 complete, the city might be caught up with the remaining audits by December, an outside firm said.
Mar. 19 -- 2:10 pm
Council will try to take the next step toward Wall Street, decide its role in overseeing the budget, and hear the mayor's long-term management plan.
Mar. 19 -- 11:41 am
SURVIVAL IN SAN DIEGO
SD mortgage lender says it won't stop making loans to out-of-the-box consumers, including those with spotty credit.
Mar. 16 -- 1:05 pm
LETTERS TO THE EDITOR
Mar. 19 -- 1:28 pm
CAFÉ SAN DIEGO
The airport authority has a unique structure that does not lend itself to accountability.
Mar. 16 -- 5:21 pm
COMMENTARY: SLOP
What if we kill 'The Q' and get a new loan.
Mar. 18 -- 10:27 pm
COMMENTARY: RICH TOSCANO
Job growth was robust outside the housing beneficiary sectors. Inside, not so much.
Mar. 16 -- 10:30 am
|
 |
|
|
|
Copyright © 2008 voiceofsandiego.org. All Rights Reserved.
|
PRINT 
E-MAIL STORY
SHARE
FACEBOOK
REDDIT
NEWSVINE
DIGG
DEL.ICIO.US
BLINKLIST