Nick at the WSJ showed how the Case-Shiller Index increases are slowing, though it is worth pointing out that the index is still rising. I don’t think prices are rising much if at all, but the index is rising:
Here are some individual cities compared to their peak:
San Diego didn’t make the cut for that graph, but we are very similar to Los Angeles. The San Diego Case-Shiller Index has risen less than 1% per month in each of the last three months, so the idea of getting back to a 250 reading seems far off:
San Diego Case-Shiller Index:
18.8% below the peak in November, 2005, and up 10.2% year-over-year.