Tuesday, January 25, 2011

Real estate: The U-T's weekly outlook

SUNDAY, JANUARY 23, 2011 AT 6 A.M.

We're heading into a full week of key reports, from year-end foreclosure numbers for San Diego County to home prices for the local region and 19 other metro areas.

Tuesday: The S&P/Case-Shiller Home Price Index, a leading indicator of residential-market health, is released. It shows changes in home prices in 20 metro regions, including San Diego County. The index comes out monthly but has a two-month lag, so upcoming numbers will cover November. (Click here for last month's story by U-T reporter Mike Freeman.)

Also on Tuesday, DataQuick Information Systems will release December and year-end foreclosure figures for San Diego County.

Wednesday: The U.S. Census Bureau publishes its residential sales data for December. Last month's report showed the rate of sales for new single-family houses in November rose 5.5 percent from October but is 21 percent lower than November 2009. (Read last month's reporthere.)

Thursday: Freddie Mac officials release their weekly survey on average mortgage rates in the U.S. The rates were mixed last week, with the average 30-year fixed rate rising to 4.74 percent from 4.71 percent the previous week and the 15-year fixed rate slipping to 4.05 percent from 4.08 percent.

Friday: The University of San Diego is the site of the yearly San Diego County Economic Roundtable, a forum of experts who will share their thoughts on 2011 trends in real estate, growth and employment. Lynn Reaser, chief economist of Point Loma Nazarene University, will be among the panelists.

The Union-Tribune is among the sponsors of the event. Registration is closed, but you can get on the waiting list by e-mailing GaryMoss@workforce.org with your name and contact information, according to the county website.

Lily Leung: (619)293-1719; lily.leung@uniontrib.com; Twitter @LilyShumLeung