The San Diego Case-Shiller Index dropped for the fourth month in a row, and was about the same as it was in April. We will probably keep heading downward for the next few months, but at least the latest reading wasn’t as bad as the last two months – only down 0.1%!
We will probably lose another 1% or 2% between now and Spring, 2019, which would put the index back to about where it was in February.
What happens in next year’s selling season will be the real test.
San Diego Non-Seasonally-Adjusted CSI changes:
The previous peak was 250.34 in November, 2005.