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San Diego County housing values dropped 1.5% in May from a year earlier, worse than the 0.9% decline of the nation's major metro areas collectively, according to Zillow.com. The median price was $340,200, one of the highest in the nation. Local rents at $2,072 per month were unchanged from a year earlier, compared with the 4.6% gain of the major metro areas as a group. Between April and May, national home values advanced for the third straight month. Zillow economist Stan Humphries says that is encouraging; he expects a "volatile housing recovery." Some economists are more optimistic, some are less so.
San Diego County housing values dropped 1.5% in May from a year earlier, worse than the 0.9% decline of the nation's major metro areas collectively, according to Zillow.com. The median price was $340,200, one of the highest in the nation. Local rents at $2,072 per month were unchanged from a year earlier, compared with the 4.6% gain of the major metro areas as a group. Between April and May, national home values advanced for the third straight month. Zillow economist Stan Humphries says that is encouraging; he expects a "volatile housing recovery." Some economists are more optimistic, some are less so.