Rich T. has predicted the next couple of San Diego Case-Shiller moves, based on the actual median price per square foot over the last two months:
See his other 13 graphs, explanations, and reader comments here:
http://piggington.com/mayjune_2013_data_rodeo_price_explosion
Curveballs because the media will hype up the continuing Case-Shiller increases, but the big pops don’t reflect today’s market – they are as a result of Case-Shiller’s well-after-the-fact indexing.
The C-S Index for May (announced July 30) will be measuring the full-frenzy effect from decisions made in February/March/April, and make sellers think that the pricing is still going through the roof.
Agreed. There always seems to be 3-4 months gap between “experts analysis” and street reality