Los Altos Real Estate Blog

head_left_image

If Case-Shiller shows growth. What does that mean for other real estate markets?

The latest Case-Shiller results are in and they show broad increases in prices in nearly all the markets they track but with slower sales.  It's the first really good news in a long time but the report leaves out massive details.  There's a lot of undercover good news that's not contained in that report that I hope people will see. 

If you read my articles I'm not a big fan of the Case-Shiller Index.  It has a lot of flaws, including the fact that it leaves out so much data on major metro areas and paints a very incomplete picture.  The San Francisco Bay Area is a good example.  The index does not include Silicon Valley, one of the strongest markets in the country.  So, while Case-Shiller shows that the San Francisco Bay Area is doing well, there's even more good news - the south bay market, especially Silicon Valley, is doing great!  Several towns including Los Altos, Mountain View, Cupertino, Palo Alto, and others are all up several percentage points so far this year.  How about other markets?

Generally, if a major metro area is doing well, the suburbs and high-end markets around it are doing as well or better.  That's not always the case but in my analysis of Case-Shiller results compared to local market reports from individual agents, there's a gap.  So, if Case-Shiller is up, the other real estate markets are probably also doing well.  What does this mean?  Several things:

  • Sub-markets are probably doing better than Case-Shiller indicates
  • Real year-over-year gains are likely better and broader than is shown
  • There's more good news than we're hearing about

Take a closer look at the local market and get an in-depth view of how well things are really doing.  My market reports always show the "behind the scenes" view of what's happening with the numbers.  You'll find our market, like many others, is doing very well.

If you have enjoyed reading my blog, please subscribe HERE!

 Want to know more about me?  Just Google Me! 

 

 Bryan Robertson, CEO | T: 650.799.9951 | Email: bryan@catarra-re.com | Website: http://www.BryanRobertsonHomes.com |CA BRE# 01191946 | Catarra Real Estate, Inc  | 171 Main St #220 | Los Altos, CA 94022

 

 

View Bryan Robertson's profile on LinkedIn

 

//

 

Comment balloon 0 commentsBryan Robertson • August 30 2011 01:53PM
If Case-Shiller shows growth. What does that mean for other real…
share
The latest Case-Shiller results are in and they show broad increases in prices in nearly all the markets they track but with slower sales. It's the first really good news in a long time but the report leaves out massive details. There's a lot of… more
How much confidence do homebuyers have in the real estate market?
share
The latest news from the National Association of REALTORS® is that sales of existing homes dropped 1. 3% in July. Lawrence Yun, chief economist, points out that sales activity would improve with "… consumers having the necessary confidence to… more
What are the top 4 reasons for the stock market rollercoaster?
share
Today the stock market is down substantially, dipping below 11, 000 again. Last week it swung up and down like a whipsaw and the rest of this week it'll probably do the same. There's been lots of discussions about who's causing it and why. The… more
3 Things Every Buyer Needs To Know About Building A New Home in…
share
You're considering building a home because you've looked in the market and can't find what you want or you just want to build your dream house from scratch. It's a bold decision and you've made it. Congratulations! Now, as a home buyer, now… more
How do I buy land in Los Altos?
share
Are you looking to buy raw land to build your dream home in Los Altos? You're among a large number of people who have been looking in the area and will be surprised to know that there are a few open lots still available. The issue with land in… more
What does "off market" or "off MLS" mean?
share
Buyers in all segments of the market will often ask their agents if they know about a property that is "off market". They want to know about homes coming on the market soon or that are available but not on the MLS. The reason they want… more
Los Altos Hills broker tour report for Friday, August 26, 2011
share
This is a quick update on the broker tour for Los Altos and Los Altos Hills for August 26, 2011. As was expected, there are only a few homes on tour this week and many are getting toured again since they've been on the market a while or have had a… more
Do East Coast homeowners need earthquake insurance?
share
It's a common question on the West Coast for any homeowner or buyer, do you want earthquake insurance. The rule of thumb is that is doubles the cost of whatever policy you have. For many California home buyers it's a cost that's not worth… more
CNNMoney: Best Places to Live 2011 - Los Altos and Los Altos Hills…
share
According to the latest CNNMoney, Los Altos Hills ranks as the #2 town in the country in which to live. The article listed the top 25 towns in the United States and covers the entire country. The article will appear in the September issue of… more
Andronico's Markets bankrupt? Will they close and Los Altos lose a…
share
In the news today is the announcement that Andronico's Markets has filed for bankruptcy protection with assets and debts that are nearly a match. The market, a family owned local chain open since 1929, will continue operations. As with many… more