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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)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 16, 2008 at 4:51 pm ET
Well, better late than never, I guess, for this month's resale data roundup.
We already saw that the size-adjusted median held up pretty well in comparison to the drubbings inflicted in recent months. It was ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 12, 2008 at 3:44 pm ET
Howdy all -- over at voiceofsandiego.org I've got a brief look at the last month's resale price data. The January data rodeo will be up here later this week.
... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 11, 2008 at 9:18 pm ET
My old pal Ramsey Su and is back with an analysis of the recent REO auctions held here in San Diego by REDC. He's drawn some very interesting conclusions based on the info he's been ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 9, 2008 at 2:15 pm ET
USC is performing a study on the credibility of blogs vs. the mainstream media when it comes to the Southern California real estate market. If you have an opinion on the topic, please help out ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 8, 2008 at 4:21 pm ET
In the prior foreclosure writeup, I opined that the high rate of December foreclosures was deceiving because it likely represented a period of catch-up from November's abnormally low levels.
I guess I was wrong, because ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 7, 2008 at 2:40 pm ET
I installed a new caching mechanism yesterday to improve site performance. As a result, some authenticated users keep being shown the "anonymous" pages as if they were not logged in. If this is happening to ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 6, 2008 at 9:48 pm ET
A couple of readers responded to my prior article about the study on local mortgage resets to ask how the projected 2008 resets stacked up against those of 2007. The study's primary author, Joseph Galascione, ... ( more)
From Piggington's Econo-Almanac - view blog entries - visit this blogFebruary 5, 2008 at 11:35 pm ET
As regular Piggs know, I routinely chart out either the size-adjusted median home sale price (which is timely, but not too accurate) or the Case-Shiller home price index (which is more accurate, but not very ... ( more)
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