The San Diego Case-Shiller Index declined for the third consecutive month, but the rate of change is so small that even David Blitzer called San Diego, ‘flat’.
Here are the non-seasonally-adjusted readings for 2014:
The October reading is 4.2% higher than January’s low for the year, and 40.7% above the trough in April, 2009!
Shiller called the housing market, ‘fragile’, and mentioned his usual ‘anxiety’ that a slowdown could be a precursor to prices dropping. Video was skyped from what had to be his office, which looks like a professor’s domain: