I have long suspected that the whole "reset explosion in 2010 (or thereabouts)" factor was a lot more complex than people often make it out to be. Especially for San Diego... we are at the forefront of the bubble on the way up and then the way down; it makes sense that our reset peak mig ... Read more

The California Employment Development Department released the latest job estimates today. According to these estimates, July saw San Diego hit its highest year-over-year rate of job loss in the downturn to date. Between July 2008 and July 2009, the region lost 55,100 jobs, a decrease of 4.2 percen ... Read more

It's time for a little update on the long-term aggregate housing valuation charts. (The emphasis is on the word "aggregate" -- let's just get it right out of the way these charts are based on a single home price measurement that encompasses the high end, the low end, and everything in be ... Read more

As discussed previously, prices on the whole rallied again last month: read more ... Read the full post ... Read more

My old pal and foreclosure guru Ramsey has penned another insightful missive that he was kind enough to let me post here on Piggington. I'll let the essay speak for itself, but I will add in regard to the conclusion that I think this shows why the Fed is trapped in the monetization game at this po ... Read more

Real short notice for a short (10 minute) radio segment -- I will be on KOGO AM 600 tomorrow starting, they tell me, at 7:37AM. Whether I'm coherent at that hour is another question. ... Read the full post ... Read more

There was a bit of divergence in the size-adjusted median price of San Diego homes sold in July. By this measure, single family home prices were up a robust 3.7 percent from June, whereas condos gave back most of June's explosive gain with a subsequent 6.0 percent decline. continue readin ... Read more

I noted earlier in the week (and incessantly before that) that home prices have a seasonal tendency to rise in the spring and summer even during the midst of a multi-year price decline. That sounds like a good enough excuse to make a chart. continue reading at voiceofsandiego.org ... Re ... Read more

For the first time in nearly three years, the Case-Shiller index of San Diego home prices increased from the prior month. The index rose .4 percent between April and May, the latest data available. continue reading at voiceofsandiego.org read more ... Read the full post ... Read more

Last week we took a look at the fact that more homes have been going into foreclosure than have been selling during 2009. I wrapped it up on this circumspect note: For all the relief that the spring-summer rally has brought to the real estate bulls, it seems a bit premature to uncork the champa ... Read more