Sustained Recovery Projected

Case Shiller through October 2012 have been released.

They show another up-tick in the price index for home sales across the nation, including higher than average increases for the California cities in the study (Los Angeles, San Francisco and San Diego.)

If you look at the graph below, you will see that the past three years have had ups and downs.  The numbers for Los Angeles have been at about 174 three times since 2009.  Overall, the outlook appears to be holding steady and if it doesn’t take another dip, it is definitely on an upward trend.

As can be seen, the so-called bubble began when the increase in sales price began a very steep incline, compared with the years before.  The bubble of the late eighties hardly appear to be a blip compared with the massive increase of the nineties and two thousands.

We’ve included a couple of trend lines.  Depending upon what you believe a reasonable inflationary trend to be, 6.25% or 4.25% you can see what the future might be.  Without a crystal ball, one can never precisely predict the future, but things are definitely looking up for buyers and sellers in the real estate market.  Holding steady is a real improvement over free fall.

Case-Shilling October 2012

The number from Case Shiller for October 2012, released 12-2012

For more information, go to the index site: http://us.spindices.com/

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About the Author

Natalie Neith has 22 years of experience in Los Angeles real estate and is a consistent top producer for the John Aaroe Group. Accredited by the select Architectural Collection, Natalie is an expert in marketing historic and architecturally distinctive properties. From vintage mansions to contemporary condos to everything in between, she has sold hundreds of homes in the LA area, representing celebrity sellers, repeat customers, investors and first-time buyers alike.

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