Case-Shiller from 3 months into the future

Friday, August 1, 2008

San Diego HPI - July '08

City average: 33.8% off the peak
Top tier: 13.3% off the peak
Middle tier: 34.2% off the peak
Bottom tier: 42.6% off the peak

Steady decline continues. Top tier remains resilient, but the spring bounce is clearly over. 54-94 geo is getting close to breaking the 50% off the peak.

Two lowest-priced geos ("54-94" and "north of 78") are back to mid-'02 prices. If this trend persists, we'll see 2001 prices before the end of the year.

These charts include all June closing late-reporters. Apparent stabilization in several neighborhoods in June charts was a statistical fluke.

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