August Case-Shiller Index

The Case-Shiller Index for August for the 5-county San Francisco Metro Statistical Area was released today. It showed a small improvement from July’s reading and is now at its highest point since December 2008. http://my.paragon-re.com/Docs/General/SixtyFortyImages/Case-Shiller_High-Tier_2011.jpg

Update to Halloween Horror: Did it just get scarier….??

The day after I posted my take on the Case-Shiller Index, they came out with July’s report (they’re always trailing three month averages) showing a continuing decline in the San Francisco MSA.  Wait for it:  down 27.3% from July 2007.  Are we worried?  Not that much.  Why not?  Read my October 27 blog:  “San Francisco” means most of the Bay Area when it comes to the Case-Shiller Index.

You want scary?  Median prices are down 45% year over year in Contra Costa County. ...  Additional Details

Horror Headline (just in time for Halloween): SF home prices down 24.8%!!!

Yup, that’s right folks.  According to the well-known and well-respected Case-Shiller Index published by Standard and Poor’s, San Francisco home prices in July 2008 were down a whopping 24.8% from a year previous.  How can this be, when you read right here that median prices were down YOY (year over year) a “mere”  11.3% in September  (see Oct 23 blog below) and just 5.5% YOY for July 2008 — see my market trends archive.)  More realtor fluffery, you huff, designed to make the credulous public believe that things are not so bad. ...  Additional Details