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The Standard & Poor's/Case-Shiller Home Price Indexes through April, released today (June 24), show that prices of existing family homes throughout the nation continue to plunge. For 20 major cities, they have dropped a collective 15.3 percent from a year ago and 17.8 percent from the peak two years ago. San Diego has done worse. Prices in the last year have plummeted 22.4 percent (only Las Vegas, Los Angeles, Miami, and Phoenix have done worse) and 27.9 percent from the peak in November of 2005. In March of this year, prices had been down 20.5 percent from a year earlier; the downtrend appears to be picking up speed. April's index for San Diego prices was 180.57. The peak was 250.34 in November of 2005. The last time the index was as low as it was in April was back in October of 2003, when it was at 178.70.
The Standard & Poor's/Case-Shiller Home Price Indexes through April, released today (June 24), show that prices of existing family homes throughout the nation continue to plunge. For 20 major cities, they have dropped a collective 15.3 percent from a year ago and 17.8 percent from the peak two years ago. San Diego has done worse. Prices in the last year have plummeted 22.4 percent (only Las Vegas, Los Angeles, Miami, and Phoenix have done worse) and 27.9 percent from the peak in November of 2005. In March of this year, prices had been down 20.5 percent from a year earlier; the downtrend appears to be picking up speed. April's index for San Diego prices was 180.57. The peak was 250.34 in November of 2005. The last time the index was as low as it was in April was back in October of 2003, when it was at 178.70.