Last week we learned that the region lost almost 55,000 jobs between June 2008 and June 2009. The chart below indicates how largest San Diego sectors fared over that time period: That chart looks a lot different from older versions in which the bubble-related sectors were the only ones racki ... Read more

The local unemployment rate hit 10.1 percent last month, according to the latest estimates from California's Employment Development Department. The below graph shows that June's unemployment rate was notably worse than anything seen in the prior two recessions -- not that anyone was suggesting oth ... Read more

In the comments to the prior post a graph of the sales-per-trustee-sale ratio was requested. Here it is: read more ... Read the full post ... Read more

I am the first to admit that I don't know exactly how this whole shadow inventory thing is going to play out. But I am certain that it is a legitimate area of concern. continue reading at voiceofsandiego.org ... Read the full post ... Read more

This is all becoming a bit routine. I write about how little housing inventory is currently for sale in San Diego. Then I write about the apparent mountain of "shadow inventory" -- homes that have entered foreclosure, or may yet do so, but that are not yet on the market. And then I go on ... Read more

Well, we sure do appear to be having a good old fashioned spring (and now summer) rally. read more ... Read the full post ... Read more

I upgraded the site software to get some security patches in. If anyone sees anything squirrely, please let me know at richpiggington [dot] com. I also took another swipe at installing private message functionality. It's not the prettiest thing in the world, but as far as I can tell from my qui ... Read more

I will be appearing on the voiceofsandiego.org radio show this Sunday, 12 noon, on AM 600 KOGO. Since we recorded the segment today, I already know that bagging on the CA Association of Realtors will be one of the topics du jour -- always a good time! An archive of the show should be put up here ... Read more

Nothing too exciting happened in the latest release of the Case-Shiller San Diego home price index. Unless the lack of a noticeable decline qualifies as exciting. Which I suppose it kind of does, given the context. The aggregate price index for San Diego County declined a mere .1 percent between ... Read more

Frequent readers know I've spilled a lot of virtual ink on the concept of "shadow inventory" -- the fairly vast category of homes that are in foreclosure but not for sale. This overhang of potential but not-yet-actual inventory contrasts with the very low levels of inventory currently fo ... Read more