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From Piggington's Econo-Almanac - view blog entries - visit this blogMay 9, 2008 at 9:19 pm ET
Note #1: My pal Ramsey has developed what he calls a "Contagion Indicator" wherein he tracks the percentage of San Diego NOD, NOT, and REO homes with original loan amounts over $500,000. Here are the ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMay 6, 2008 at 7:55 pm ET
There was actually a glimmer of good, or at least not-bad, news in the resale data last month.
But first, prices. As measured by the size-adjusted median price, they continue to drop: down 3.3% for single ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMay 1, 2008 at 11:03 pm ET
Earlier this month, we saw that San Diego employment declined on a year-over-year basis in March -- something that hadn't happened during the last recession (nor for 15 years, according to the U-T).
The accompanying ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 29, 2008 at 4:13 pm ET
Yet another crunchy beating was dispensed to the Case-Shiller-HPI last month.
read more ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 23, 2008 at 2:16 pm ET
When I wrote the first installment of BailoutWatch this January, I intended to post occasional updates to keep readers apprised of the ongoing housing bailout efforts. Well, the truth is that I haven't even been ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 18, 2008 at 10:01 pm ET
San Diego employment has just decreased on a year-over-year basis, falling by 1,700 jobs between March 2007 and March 2008.
That is a very small drop in the grand scheme of things, representing a decline of ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 11, 2008 at 4:17 pm ET
The latest Quarterly County Employment and Wages (QCEW) report came out this week. You may recall from a prior article on the topic that this employment survey is quite a bit more accurate than the ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 9, 2008 at 8:06 pm ET
Our favorite housing cheerleader, Chuck Smiar, is back in the news again today with another attempt to scare real estate fence sitters into action. After issuing a warning to hesitating homebuyers that they were "in ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 7, 2008 at 10:03 pm ET
Alrighty... it's time for the monthly resale data roundup. But first, a brief word from our sponsor (that would be me): I just put up a fairly comprehensive list of frequently asked ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 4, 2008 at 12:46 am ET
Hello all -- look for a data rodeo this weekend. In the meantime, a brief writeup on March resale prices is available at voiceofsandiego.org. The bears won't get much satisfaction this month, but after last ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogApril 1, 2008 at 12:51 am ET
For years, people claimed that because San Diego was such a desirable place to live, local real estate was immune to price declines. We know how that turned out. Yet these days that same argument ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 25, 2008 at 7:37 pm ET
The Case-Shiller home price index for San Diego didn't get spanked as badly as it did last month but it was nonetheless down a substantial 2.5% for the month of January. This puts the total ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 21, 2008 at 4:13 pm ET
The California Employment Development Department's employment estimates for February indicate that San Diego job growth has essentially flattened out. The sectors that thrived during the housing boom are now suffering through the bust, and while ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 17, 2008 at 7:37 pm ET
As with the data quasi-rodeo, I'm going to be light on verbiage and just update the charts for this month whilst applying a liberal interpretation of the term "extravaganza."
Seems at first like a decline from ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 13, 2008 at 12:58 pm ET
Have a gander at some of the nonsense that flowed from a recent gathering of real estate agents and their friends, as reported by the North County Times.
The last portion of the conference, ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 11, 2008 at 2:29 pm ET
Because I'm travelling I am just going to present some charts this month with a minimum of editorializing. Hardly worthy of the "rodeo" sobriquet, I admit, but I am comfortable leaving in the analysis in ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 7, 2008 at 8:55 pm ET
Both median-based price indicators were thoroughly abused last month. Between January and February, the size-adjusted median price declined 5.7 percent for single family homes and 7.7 percent for condos. That's in one month, friends. Brutal. ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 4, 2008 at 1:04 pm ET
I've updated long-term charts of the ratios of San Diego home prices to rents and incomes:
read more ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogMarch 2, 2008 at 9:19 pm ET
This Wednesday I will be embarking on a two-week trip out of the country. (To Uruguay, for those curious, where my father grew up and where his extended family still resides). I am going to ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 29, 2008 at 7:40 pm ET
Last month I noted that despite local data points and expert opinions pointing to a slowdown in the retail industry, the California Employment Development Department reported that retail industry employment was growing at a fairly ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 26, 2008 at 9:26 pm ET
The Case-Shiller HPI numbers for December were released today. The low-, mid-, and high-priced tiers were respectively down 3.8%, 3.3%, and 3.1% from the prior month. The aggregate index was down 3.4%. The pace ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 22, 2008 at 8:18 pm ET
Jon Lansner, proprietor of the excellent Orange County Register real estate blog, pointed me at an alternate source of local job data after reading my recent article questioning the accuracy of the monthly BLS/EDD employment ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 20, 2008 at 5:02 pm ET
Over at VoiceofSanDiego.org, I just put up a piece on the January 2008 sales-per-default data. Conclusion: if potential must-sell housing supply was overwhelming demand back in the protracted downturn of the 1990s, it is now ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 19, 2008 at 3:32 pm ET
I've been updating the FAQ list and I thought it would be interesting to denote the start of the Econo-Almanac on a chart of home valuations (ie, CPI-adjusted prices) and sales. I used the beginning ... ( more)
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