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San Diego home prices continued to rise in June, although not topping monthly gains of most other cities in the Standard & Poor's/Case-Shiller index. Generally, the major 20 metro areas enjoyed gains. However, S&P economist David Blitzer warns that these numbers are for June, and other data reported for July were weak. He expects a slowdown nationally, and some see a renewal of declines. San Diego June home values rose 0.4% from May and 11.2% from a year ago. San Francisco values rose 14.3% from a year ago, best in the nation, and just ahead of San Diego. Los Angeles rose 9.2% from a year ago, in fourth place. However, San Diego's monthly gain of 0.4% in June was lower than its 1.1% gain in May from April and lower than the 1% gain of the 20-city composite. San Diego home values are still down 34.6% from the November 2005 peak.
San Diego home prices continued to rise in June, although not topping monthly gains of most other cities in the Standard & Poor's/Case-Shiller index. Generally, the major 20 metro areas enjoyed gains. However, S&P economist David Blitzer warns that these numbers are for June, and other data reported for July were weak. He expects a slowdown nationally, and some see a renewal of declines. San Diego June home values rose 0.4% from May and 11.2% from a year ago. San Francisco values rose 14.3% from a year ago, best in the nation, and just ahead of San Diego. Los Angeles rose 9.2% from a year ago, in fourth place. However, San Diego's monthly gain of 0.4% in June was lower than its 1.1% gain in May from April and lower than the 1% gain of the 20-city composite. San Diego home values are still down 34.6% from the November 2005 peak.