Who to Believe? Case Shiller or Ken Rosen

Case Shiller may be talking about double dip but Ken Rosen sees a somewhat brighter future for San Francisco’s residential real estate market.

Here’s the doom and gloom at the national level from the recently released Case Shiller Report for January 2011:

These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing. ...  Additional Details

Size Doesn’t Matter

Say you want to spend around a million bucks to buy a house.  Wouldn’t it be useful to know how much houses typically go for per square foot in that price range?  Then you could take the square footage of the house you’re looking at, multiply it by the price per square foot and come up with a rough idea of value.

Now say you’re in the happy position of having $2 million dollars to spend.  Could be that $2 million dollar houses cost that much just because they’re bigger than $1 million houses, in which case their price per square foot would be the same.  Or they might cost more because of the area they’re in, or their finishes and amenities.  Whatever the reason, it would be useful to know how much they go for on a per square foot basis. ...  Additional Details