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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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Minority Report:
Three MiraCosta board trustees are speaking out.
Wednesday, June 27 -- 2:41 pm
No Residential Fires Allowed:
Cal Fire suspends backyard burning throughout the county.
Wednesday, June 27 -- 11:18 am
Sunroad's Letter:
A copy of the letter the developer sent the city hours before its late-night press conference yesterday.
Wednesday, June 27 -- 10:54 am
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Wednesday, June 27 -- 1:25 pm
LETTERS TO THE EDITORDistrict Staff Deserved Rebuke:
Reaction to the school board's rejection of the proposed budget.
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Where is the committee of leaders we would all know to turn to to heal this city?
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The high seas rock an aircraft carrier.
Tuesday, June 26 -- 3:10 pm
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Friday, June 22 -- 9:40 am
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SURVIVAL IN SAN DIEGO
41 Trees in Three Days:
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Dec. 1 -- 3:12 pm
LETTERS TO THE EDITOR
Testing Trumps Teaching:
Assessments are necessary but classroom teachers should determine which assessments to use.
Nov. 25 -- 7:55 pm
CAFÉ SAN DIEGO
Voters Value Good Government:
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Nov. 25 -- 6:39 pm
COMMENTARY: SLOP
Our Audience:
A quick point about that NYT article.
Dec. 1 -- 3:10 pm
COMMENTARY: RICH TOSCANO
Home Price Chartfest:
Some more visuals on the latest Case-Shiller home price index release.
Nov. 28 -- 11:50 am
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