San Diego Housing Market News and Analysis
No Double Dip For San Diego Yet
Submitted by Rich Toscano on June 1, 2011 - 12:04pm
The median price data had indicated some home price stabilization through March, but the latest release of the Case-Shiller index suggests otherwise. I'll talk a bit more below about the strengths and weaknesses of the CS index, but first let's have a look at the latest data.
The media has made much of the fact that the national Case-Shiller index hit a new post-boom low, officially ushering in a "double dip" in nationwide home price. But while San Diego prices did drop in March, the CS index indicates that we still held up above those 2009 lows:
(more charts plus some thoughts on the Case-Shiller index below)
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