In comparison, the price of homes in the twenty metro areas that make up the index fell by 1/2% from this past February to the following month. This was the 6th consecutive drop; however, prices were higher by 2.4% over the preceding year.
Some analysts say that the rise in local home prices may suggest a different mix in the market, rather than a real boost in values, due to the fact that there are more expensive homes are selling than in 2009.
They also believe that things may well begin to slow, and perhaps even reverse, when more foreclosed homes enter the real estate market.
On the other hand, according to another analyst, perhaps the San Diego area as well as the rest of the state is doing better than the rest of the country due to the fact that this area was the first to be hit by a large number of foreclosures.
One would believe that, with the economy suffering, unemployment continuing and with the ongoing high number of foreclosures on the market, that there would not be any growth in the price of homes; however, there is growth both in San Diego and throughout California.
