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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s