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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



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

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This Just In

Frye: Fund the Shelter:

 The councilwoman calls for restoring $465,000 for the Winter Homeless Shelter. » Jun. 14 -- 5:15 pm



More on the Delta:

 A key report is catalyzing bureaucratic action on the Sacramento-San Joaquin River Delta.

Jun. 14 -- 11:58 am


In March, Sexton's Role Was Sunroad:

 The mayor denied the airport executive was brought in for Sunroad issue, but letters show otherwise.

Jun. 13 -- 8:51 pm


MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

200,000-Year-Old Surprise :

  Local developer finds more than raw materials for house-building at a site in Carlsbad.

Jun. 14 -- 2:34 pm



LETTERS TO THE EDITOR

Expensive But Necessary:

 I know desalination is an expensive way to get drinking water, but what will be the price of water when there isn't any to be had?

Jun. 14 -- 1:57 pm



CAFÉ SAN DIEGO

Public Safety Pensions :

  If (and not conceding that point) new public safety hires are to remain in a traditional pension plan, what reforms would be needed?

Jun. 14 -- 4:55 pm



COMMENTARY: SLOP

Swing and a Miss :

  Mayor Sanders reaches out to the water czarina and she tells him no.

Jun. 12 -- 12:08 pm



COMMENTARY: RICH TOSCANO

Yet More Confusion at the Transcript :

  SDDT executive editor Chamberlin plays fast and loose with the facts, again.

Jun. 11 -- 2:50 pm


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