Housing-price rebound persists; experts split
By Roger Showley
Union-Tribune Staff Writer
Housing prices in San Diego and other major markets rose for a third straight month in July, prompting economists locally and around the country to debate whether stability has arrived and recovery comes next.
The Standard & Poor’s/Case-Shiller Home Price Index rose 2.5 percent from June to July for San Diego, the biggest one-month boost in four years. If that rate continued for a year, it would yield a 30 percent rise in prices and return them close to their all-time highs in late 2005.
There was a similar, though less dramatic, upsurge among the 20 metro markets covered in the index, with Minneapolis up the most by 4.6 percent, followed by San Francisco, up 3.3 percent; Chicago, up 2.7 percent; and San Diego.