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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SD Advances in Transit Funding Bid:
Region advances in competition for federal money for adopting "congestion pricing."
Friday, June 8 -- 3:11 pm
District, Charter Schools Pledge Cooperation:
Both sides say they'll get along.
Friday, June 8 -- 3:12 pm
Monitor: Progress, But Uncertainty at City Hall:
Stanley Keller tells the SEC that the city is on the right path, but that a lot more work remains.
Friday, June 8 -- 1:15 pm
SURVIVAL IN SAN DIEGOAnother Round in the 6 Percent Debate :
In Madison, Wis., do-it-themselves home sellers did better than those who use Realtors, a new study found.
Friday, June 8 -- 12:03 pm
LETTERS TO THE EDITORGet Your Goat:
We named those goats Murphy and Madaffer.
Friday, June 8 -- 3:59 pm
CAFÉ SAN DIEGOMore Questions :
My role on the Greater North Park Community Planning Committee and my thoughts on Jim Waring.
Friday, June 8 -- 3:36 pm
COMMENTARY: SLOPSanders Shifts :
In the midst of yesterday's name calling, the mayor announced he had changed his mind.
Friday, June 8 -- 11:10 am
COMMENTARY: RICH TOSCANOMay Home Prices :
The median price indicators are showing a surge in home pricing power -- but can they be trusted?
Friday, June 8 -- 1:28 pm
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Stem Cell Company's Research Saved by Windfall:
Funding helps for now, but more will be needed to test therapies.
Thursday, August 21, 2008 -- 1:07 pm
Maienschein Backs Goldsmith:
The city councilman backs his former opponent in the city attorney's race.
Wednesday, August 20, 2008 -- 5:30 pm
Hueso: Keep Geisler:
The city councilman says he will re-nominate Rich Geisler to the SEDC board.
Wednesday, August 20, 2008 -- 2:31 pm
SURVIVAL IN SAN DIEGOWalking Away:
Local foreclosure-as-choice company says it's growing.
Wednesday, August 20, 2008 -- 6:14 pm
LETTERS TO THE EDITORGaylord's Not-So-Gay Side:
The hotel chain's Grapevine, Texas project just won't stop.
Wednesday, August 20, 2008 -- 7:21 pm
CAFÉ SAN DIEGO'Losing its Grip':
Responses to your feedback about SDEA.
Thursday, August 21, 2008 -- 1:35 pm
COMMENTARY: SLOPThe Pam Anderson 'Web Page':
The Chula Vista city manager is caught surfing 'Web pages.'
Tuesday, August 19, 2008 -- 6:38 pm
COMMENTARY: RICH TOSCANOPunish the Savers:
Savers are watching their real wealth disappear for the benefit of the housing market and financial industry.
Tuesday, August 19, 2008 -- 6:04 pm
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