San Diego Home Prices at All-Time Highs: Case-Shiller Index

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San Diego Home Prices at All-Time Highs: Case-Shiller Index
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San Diego sits toward the top the index’s 20-city composite, exceeded only by Phoenix, Tampa, Miami and Dallas.

The 10-year index from CoreLogic for San Diego states that homeowners in the city have seen an annualized 9.55% return on their property investments. To put the latest numbers in context, the S&P CoreLogic Case-Shiller San Diego Home Price NSA Index Level in December 2011 was was 150.42, while December 2021 stands at a level of 374.48.“We have previously suggested that the strength in the U.S.

Other theories for soaring home prices include hedge-fund investments in residential markets and tightening availability as the pandemic prompted some prospective sellers to stay out of the market, The S&P Dow Jones Indices managing partner added that he expects to soon detect an effect on home prices caused by an increase in mortgage rates.

Remarkably, the latest figures from CoreLogic represent a cooling off of sorts for the local and national markets, which, in August,. Nationally, that figure was 19.7%, year over year. "We have noted that for the past several months, home prices have been rising at a very high but decelerating rate," Lazzara said."The deceleration paused in December, as year-over-year changes in all three composite indices were slightly ahead of their November levels."

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