Welcome to the HousingInSanDiego.com Blog

2013-08-30 10:38:26
Home prices continue climb, but boost shows signs

Home prices in cities nationwide climbed  12.1 percent in the last year ending in June, according to a new report released  Tuesday.

Fresh numbers from the S&P/Case-Shiller index show that property values  are continuing an upswing, as all 20 cities tracked by the index posted gains  over the last month and last year. Home prices were up 0.9 percent from May to  June.

However, there may be signs that the housing rebound may be losing some  steam, as gains are coming in from several cities at a slower pace, even as  markets are in the middle of the summer buying season. A recent uptick in home  mortgage rates could be contributing to the slowdown.

'Overall, the report shows that housing prices are rising but the pace may be  slowing,' said David Blitzer, chairman of the index committee at S&P Dow  Jones Indices. 'Thirteen out of 20 cities saw their returns weaken from May to  June. … Other housing news is positive, but not as robust as last spring.'

 

The June data marks the third straight month  that all cities posted gains, as Dallas and Denver reached new highs. Most  markets have largely regained ground lost when the housing bubble burst — only  Detroit remains below levels seen in January 2000.

 

And some cities continue to post significant gains. Both Las Vegas and San Francisco home values have risen by nearly 25 percent in the last year, while  another 10 posted double-digit gains.

 

 
Blog Archive
2015-08-05 20:14:26
INVENTORY DOWN YEAR-OVER-YEAR FOR FIFTH STRAIGHT M

2015-08-05 20:12:52
MORTGAGE INTEREST RATES INCREASED IN JUNE 2015

2014-01-25 19:37:22
Mortgage Forgiveness Debt Relief Act expired on De

2014-01-08 20:18:38
HOUSING MARKETS CONTINUE TO SHOW GRADUAL IMPROVEME

2013-11-15 09:38:24
Rising home prices push down housing affordability

2013-09-24 15:06:51
Mortgage Rates Fall to New 2-Month Lows

2013-09-12 13:20:36
Foreclosure starts drop to lowest level since 2005

2013-09-12 13:19:19
Jobs report halts mortgage rate increases

2013-09-12 13:04:44
What happened to the subprime lenders?

2013-08-31 12:38:59
Home construction adds 500,000 jobs a year

2013-08-30 10:41:16
Delinquency Rate Back on Downward Course

2013-08-30 10:38:26
Home prices continue climb, but boost shows signs

2013-08-29 20:58:57
10 Tips for Saving Water in Your Home

2013-08-29 20:58:19
Survey: 1 in 3 Buyers Would Bid Above Asking Price

2013-08-29 20:57:42
Do It Yourself Home Security

2013-08-29 20:56:29
Fireplace and Chimney Maintenance

2013-08-29 20:54:29
10 Makeover Projects for Less than $500


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.