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The Economics Of Housing In California No Longer Work
Posted on May 27, 2008
The North County Times reports from California. San Diego County home prices took yet another beating in March, reaching the largest rate of decline yet, according to a report released Tuesday. Home prices in March were 20.5 percent below the same month a year earlier, the first time county home prices were more than 20 percent below price a year before, according to Standard & Poor s Case-Shiller Home Price Index. Almost all of the realized loss in the last year has occured in the last six months through March, said Maureen Maitland, VP of index and analysis for Standard & Poo...
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