After sputtering over the last three months, the latest reading of the SD Case-Shiller Index showed some pop – like it did last January:
San Diego Non-Seasonally-Adjusted CSI changes:
The highest reading of the San Diego NSA CSI was 250.34 in November, 2005.
U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index climbed 6.2 percent in January from a year earlier. That nearly matches December’s 6.3 percent gain, which had been the fastest 12-month growth in almost three years. The January increase was in line with economists’ expectations.
“The home price surge continues,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.