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Price-wise, the selling season cooled off quickly this year, with our San Diego Case-Shiller Index staying about the same in June.

Here are the San Diego NSA changes for 2015:

Month
CSI-SD
M-o-M chg
Y-o-Y chg
January
204.69
+0.6%
+5.0%
February
205.97
+0.6%
+4.6%
March
208.53
+1.2%
+4.6%
April
209.82
+0.6%
+4.5%
May
211.71
+0.9%
+4.8%
June
212.40
+0.3%
+4.6%

From the S&P press release, by David Blitzer:

A quarter-point increase in the Fed funds rate won’t derail housing. However, if the Fed were to quickly follow that initial move  with one or two more rate increases, housing and home prices might suffer.  A stock market correction is unlikely to do much damage to the housing market; a full blown bear market dropping more than 20 percent would present some difficulties for housing and for other economic sectors.”

Wondering what CSI-SD will look like for the remainder of 2015? Here are the non-seasonally-adjusted numbers from last year – let’s call it flat:

Month
CSI-SD
July 2014
203.64
August 2014
203.31
September 2014
203.16
October 2014
203.07
November 2014
203.99
December 2014
203.46

For those interested in the seasonally-adjusted numbers, the San Diego index in June declined by -0.23% month-over-month, and was +4.59% year-over-year. 

Here is the SA graph – click to enlarge:

SD Case Shiller June 2015

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