The latest Case-Shiller Home Price Index number for San Diego are out. As we know, the Case-Shiller HPI — let’s just call it the HPI for short — arrives with a considerable delay, so today’s value only represents home sales closed in July (which themselves represent deals made primarily in June). The world was a different place in June and July, lending-wise, and the HPI will continue not to reflect round 2 of the credit crunch until the September number at the earliest.
Nonetheless, just for kicks let’s have a look at what was happening with aggregate resale prices as of July:
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July Case-Shiller Home Price for San Diego
The latest Case-Shiller Home Price Index number for San Diego are out. As we know, the Case-Shiller HPI — let’s just call it the HPI for short — arrives with a considerable delay, so today’s value only represents home sales closed in July (which themselves represent deals made primarily in June). The world was a different place in June and July, lending-wise, and the HPI will continue not to reflect round 2 of the credit crunch until the September number at the earliest.
Nonetheless, just for kicks let’s have a look at what was happening with aggregate resale prices as of July: