Yeah, I and my wife also noticed the tendency. Basically we want to buy something in the low 500s. In 2005 we were looking mostly old and small homes in Mira Mesa and in late 2006 we moved on to the newer and bigger Mira Mesa houses and now suddenly it seems Sorrento Valley is within reach if the price drops 10-15% more. My wife even suggested Carmel Valley because some houses there are listing at $599K and we thought next one or two years those could be in the low 500s.

I guess that is why we need the Case-Shiller index.