This posting is a departure from the usual themes on our blog, but I wanted to share some interesting data that I came across. In 2006, Standard & Poor’s started publishing an index for residential home prices. After looking through the data, the most surprising thing to me is the quarterly % decrease in US residential housing prices during the last five quarters.
Home prices have really dropped in Phoenix (-18.2% in 4Q07), San Diego, and Las Vegas.
3 comments:
yep, the real estate market is not so great right now. It's a pretty good time to buy, but horrible to be selling your home! It's crazy!
It is crazy how things have changed even in the last six months. I am (emotionally, maybe not yet financially!) ready to bust out of our tiny condo and buy a house, but am nervous about prices continuing to drop. I've found my little dream home though - you'll have to check it out! http://www.rubloff.com/property/1219011
I think it's overpriced and am hoping it will be on the market forever (so I can snatch it up for a steal next winter if it's still on the market...) :)
so i heard you're going to be in palo alto this summer...or i guess just jim is?? i hope it overlaps at least some of the time we are there and we get to see you. we visited this weekend for admit weekend and we are so excited about the move to the bay area!
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