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On Bloomberg TV discussing home prices

Was on Bloomberg television last week discussing home prices.

 

Of course, all real estate is local. So here's information on Los Angeles home prices, San Francisco home prices, Seattle home prices, and US home prices.

 

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2 comments • Spencer Rascoff • August 27 2008 06:06PM

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picking LA as an example, do people ever look at the fact prices today > prices 2 years ago, which rose about 33% in the prior 2 years? are we as a nation becoming so mobile that only looking back to 2006, as the Bloomberg graphic you supplied shows, is the relevant statistic? Just 3 years ago, in RTP at least which is fairly mobile, we talked about a 5-7 year horizon.
Posted by Bo Bromhal (Prudential York Simpson Underwood) about 1 year ago

@ Bo -- you're 100% right, that it's important to look at real estate as a longer term investment. For all 165 cities which Zillow produces housing data on, we show the Zillow Home Value Index (aka "Zindex") dating back to 1999. So for example, here is the Los Angeles data. As you can see, LA is back to 2004 levels. This compares with other cities like Detroit which are back to 1999 levels.

You can see all the data here.

Posted by Spencer Rascoff (Zillow) about 1 year ago

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