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Home Prices Drop Again in April
San Diego single family home prices as measured by the accurate-but-lagging Case-Shiller index took another hit in April. The overall index declined 2.6 percent from the prior month, 22.4 percent from the prior year, and 27.9 percent from the November 2005 peak.
 As usual, those aggregate numbers hide some huge disparities between homes at different price levels. The high-tier index (accounting for the upper one-third of sale prices) fell 1.5 percent for the month compared to 2.7 percent for the mid-priced tier and 3.5 percent for the low-priced tier. The accompanying graph shows that this pattern has been in place since the beginning of the decline. The vastly different performance on the way down is pretty much the flip side of the differences we saw on the way up, when lower-priced properties rose a lot further due to the explosion in subprime mortgage issuance.
April's decline in the aggregate index brought overall home prices back to a level last seen in November 2003. Adjusting for the effects of inflation as measured by the Consumer Price Index, home prices were just below where they had been in November 2002.
-- RICH TOSCANO
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CEO of Barrio Logan charter schools talks about terminating employees.
Friday, July 25 -- 4:54 pm
The fired SEDC prez had been silent, but opens up to the business paper.
Friday, July 25 -- 5:19 pm
Fred Maas calls for 'fact-finding mission' on departed president's involvement in 7th and Market project.
Friday, July 25 -- 3:21 pm
SURVIVAL IN SAN DIEGO
She's getting some deserved vacation, but will be back soon.
Wednesday, July 23 -- 4:13 pm
LETTERS TO THE EDITOR
The SEDC and the PDP mess and all that surrounds it is the best reading I've had in a while.
Friday, July 25 -- 11:14 am
CAFÉ SAN DIEGO
Does this mean that even after two years of strong mayor, we continue to harbor waste, fraud and abuse in our system?
Friday, July 25 -- 1:23 pm
COMMENTARY: SLOP
The cop whose dog died in his hot car had just sued for, and won, a boost in his retirement checks for taking care of his canine partners.
Friday, July 25 -- 5:21 pm
COMMENTARY: RICH TOSCANO
June made for another record-setting month in San Diego foreclosure activity.
Tuesday, July 22 -- 12:34 pm
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This Just In
CEO of Barrio Logan charter schools talks about terminating employees. » Jul. 25 -- 4:54 pm
The fired SEDC prez had been silent, but opens up to the business paper.
Jul. 25 -- 5:19 pm
Fred Maas calls for 'fact-finding mission' on departed president's involvement in 7th and Market project.
Jul. 25 -- 3:21 pm
SURVIVAL IN SAN DIEGO
She's getting some deserved vacation, but will be back soon.
Jul. 23 -- 4:13 pm
LETTERS TO THE EDITOR
The SEDC and the PDP mess and all that surrounds it is the best reading I've had in a while.
Jul. 25 -- 11:14 am
CAFÉ SAN DIEGO
Does this mean that even after two years of strong mayor, we continue to harbor waste, fraud and abuse in our system?
Jul. 25 -- 1:23 pm
COMMENTARY: SLOP
The cop whose dog died in his hot car had just sued for, and won, a boost in his retirement checks for taking care of his canine partners.
Jul. 25 -- 5:21 pm
COMMENTARY: RICH TOSCANO
June made for another record-setting month in San Diego foreclosure activity.
Jul. 22 -- 12:34 pm
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