This item at The Economist carried the chart below with the latest home price data that was released earlier in the week by S&P Case-Shiller. A similar chart has appeared here many times over the years, however, I haven’t seen fit to update it in quite some time, so it was kind of interesting to see it done elsewhere.
It’s interactive at the Economist, so, you can turn curves for individual cities off and on. In doing so, I couldn’t help but notice how California’s resurgent housing bubble is outpacing the rest of the country (as it’s done twice before in recent decades, first in the late-1980s and then again in the early- and mid-2000s).
The slope of the curve for San Francisco (light blue) has been steepest in recent years, but Los Angeles (light green) and San Diego (dark green) are not far behind with the former recently outpacing the Washington D.C. area for best recovery so far.
Interestingly, a check on Zillow for the house in Southern California that we sold a decade ago puts its value at just a few thousand dollars less than what we sold it for.