The Case-Shiller index of San Diego home prices declined once again in January, falling by 1.6 percent for the high-priced tier, 1.0 percent for the mid-priced tier, and .2 percent for the low-priced tier. (The tiers represent, respectively, the top, middle, and bottom one-third of homes sold by price). The overall San Diego index fell by 1.1 percent.
As the following graph shows that the middle and high tiers are now below the post-bubble low points they hit in early 2009. (I guess that means I should remove the word “2009 trough” from these graphs).