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March Case-Shiller HPI
The last release of the Case-Shiller Home Price Index for San Diego shows that despite apparent strength in the alternative home price measurements, San Diego prices were still falling as of March.
It's interesting to note that the size-adjusted median price and even the "plain vanilla" median price actually tracked the Case-Shiller HPI decently enough right up until December of last year, which is when the subprime lending market began to tighten up. This divergence supports the theory, previously advanced here and elsewhere, that recent median price increases are an illusion caused by a declining proportion of lower-priced home sales, and that they do not represent an actual increase in market prices.
More background on the different house price metrics can be found in a recent Nerd's Eye View article on measuring home prices.
-- RICH TOSCANO

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Aguirre: Sanders is Corrupt:
The newest episode in the Sunroad saga elicits Aguirre's first explicit corruption allegation of the mayor.
Thursday, June 7 -- 6:33 pm
Bye, Bye Bowman:
Oceanside’s interim fire chief, Jeff Bowman, is moving on.
Thursday, June 7 -- 4:52 pm
Fewer Free Lunches:
Some explanations for rising socioeconomic levels of students.
Thursday, June 7 -- 4:44 pm
SURVIVAL IN SAN DIEGOWeakness Could Stretch to 2008 :
USD's economic index for April shows 12th decline in 13 months.
Thursday, June 7 -- 11:27 am
LETTERS TO THE EDITORI'd Transfer Out:
Art Institute of California, San Diego is in way over their head; they don't have enough teachers for the size of their school.
Thursday, June 7 -- 3:07 pm
CAFÉ SAN DIEGODistrict 3 Issues :
I love my neighborhood, but there are a lot of challenges facing us, from potholes to crime.
Thursday, June 7 -- 6:23 pm
COMMENTARY: SLOPAguirre: Mayor's Corrupt :
Mayor's Office: 'Jerry feels strongly that he has to be the adult in the relationship ...'
Thursday, June 7 -- 2:51 pm
COMMENTARY: RICH TOSCANOMay Home Prices :
The median price indicators are showing a surge in home pricing power -- but can they be trusted?
Thursday, June 7 -- 2:27 pm
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