The San Diego Case-Shiller Index for May is out.
I don’t know how much it matters, but they have two measurements – seasonally-adjusted, and non-seasonally adjusted. Here are the recent troughs and peaks:
|CSI – SD||Trough Mo.||Score||Peak Mo.||Score||May ’11||Trough-to-today chg|
What does it mean? We had a price bump last year, and since then we’ve given back about half of the gain. From my perspective, pricing remains under pressure mostly from fraudulent short-sale listings, and when they hit a neighborhood, they hit hard. But other than those, we’re just bumping along.