Between May 2008 and May 2009, according to the latest estimates, the San Diego economy lost 52,200 jobs. This 4 percent year-over-year decline is the fastest we've yet experienced during the current downturn. The below graph shows the rate of job loss for the overall San Diego economy in orang ... Read more

Yes, it's a word. I think. Another California anti-foreclosure measure went into effect this week. It's called the "California Foreclosure Prevention Act," and it puts a 90-day moratorium on certain qualifying foreclosures. The name "California 90-Day Procrastination on a Subset ... Read more

San Diego housing inventory dropped again last month, but supply may be even tighter than it appears. I'll talk about that more below, but first, let's have a look at the data. The number of existing San Diego homes for sale last month was 32 percent lower than the same time last year, while th ... Read more

Three weeks ago, according to quasi-government mortgage giant Freddie Mac, the average rate for 30-year fixed mortgages stood at 4.82 percent. This week, the average rate was 5.59 percent. continue reading at voiceofsandiego.org read more ... Read the full post ... Read more

As I wrote a few days back at voiceofsandiego.org, we may just be experiencing a geniune spring fling : read more ... Read the full post ... Read more

San Diego has just experienced a second consecutive month of solid gains to the size-adjusted median home sale price. It would appear that the Spring Rally is more or less official. Between April and May, the size-adjusted median price rose 3.3 percent for detached homes and 2.9 percent for con ... Read more

I'm back from my vacation and ready to clog up the Internets with some bandwidth-hogging images. Kelly put together a nice overview of the latest Case-Shiller home price data last Tuesday, so I will just put up some charts to add color. Each price tier's decline from its respective peak: ... Read more

I will be out of town this week, so you all will be able to enjoy a few days without being assailed by charts and graphs. First, let's wrap up the series on San Diego rents. A couple months back, I wrote a blog entry maintaining that San Diego home prices in aggregate had finally become " ... Read more

According to the California Employment Development Department's latest estimates, San Diego's year-over-year rate of job losses hit a new low last month. Between April 2008 and April 2009, according to the EDD, San Diego employment declined by 45,300 jobs or 3.7 percent. The orange line on the gra ... Read more

Let's pick up where we left off in our effort to figure out whether San Diego rents are at fundamentally justifiable levels. The first two articles on the topic ( here and here ) compared aggregate San Diego incomes and rents using a couple different approaches and data sources. The conclus ... Read more