San Diego Home Prices: You’re OK If …
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Submitted by Businomics Blog
If you bought a home in the San Diego metropolitan area, do you have a profit or a loss? If you bought before September 2003 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller Home Price Indices released on July 29, 2008, reflecting data through May. This conclusion reflects the average home, and there’s substantial variation around the mean.
The average experience in the 20 largest metropolitan areas is that July 2004 marks the dividing line between profit and loss.
