The March reading of the local Case-Shiller Index rose 1% month-over-month. As the index starts reflecting the ‘season’, it will probably show higher velocity over the next few months.
Even the high-tier was cooking – it also rose 1% month-over-month! But it has been fairly flat over the last year, so it was probably overdue.
(see graph at bottom)
Here are the recent San Diego NSA changes:
Month | |||
December | |||
January ’15 | |||
February | |||
March | |||
April | |||
May | |||
June | |||
July | |||
August | |||
September | |||
October | |||
November | |||
December | |||
January ’16 | |||
February | |||
March |