Case Shiller report for November: prices down all over California

It happens on the last Tuesday of every month – data regarding the prices of homes all over the country is gathered, plotted on a chart, and then released to the public. The information, which always applies to the state of the real estate market two months ago, is referred to as the “Case-Shiller Index”.

The news for California? Probably not surprising. Prices are down all over, from L.A. to San Francisco to San Diego. Nothing dramatic, but a steady decline.

Most of California is actually doing better than the country as a whole, which saw a decline in prices of almost 2%.

While all this may be bad news for investors, home-flippers, and agents, it’s awfully good news for the average buyer with cash on hand. Get shopping while the getting’s good.


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