County home prices up for 8th month, Analysts still cautious
Analysts still cautious about future increases
By Roger Showley, UNION-TRIBUNE STAFF WRITER
Wednesday, February 24, 2010 at 12:03 a.m.
A widely watched index of housing prices yesterday showed San Diego County’s prices up 0.1 percent from November to December, the eighth straight month of improvement.
That is the longest upward trend among the 20 metro areas monitored by the Standard & Poor’s/Case-Shiller Home Price Index.
But analysts remain cautious that the trend line may not continue upward. Potential obstacles to further recovery include rising interest rates, a generally stagnant economy and weak housing demand.