Case-Shiller Data on California Cities
I noted with interest the year over year price changes for the three California cities on the Case-Shiller price data list. Here are the one year price changes through February of 2010.
- Los Angeles: +5.31%
- San Diego: +7.56%
- San Francisco: +11.86%
The California market bottomed price-wise in April of 2009, so these numbers should continue to improve for the next two months. By then we will be in the summer buying season. Will perception become reality and the public start to believe California home values are rising?
There are numerous economic factors that should be holding back California real estate. But the trend tends to be self sustaining. How much will and upward price trend start to change the attitudes in California? Time will tell.
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