We stopped our two-month stumble and got back into the positive, MoM, and wrapped up 2017 with a solid 7.4% increase in the index for the year:
San Diego Non-Seasonally-Adjusted CSI changes:
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The highest reading of the San Diego NSA CSI was 250.34 in November, 2005.
From David Blitzer:
“The rise in home prices should be causing the same nervous wonder aimed at the stock market after its recent bout of volatility,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a release.
“Across the 20 cities covered by S&P Corelogic Case Shiller Home Price Indices, the average increase from the financial crisis low is 62 percent; over the same period, inflation was 12.4 percent. Even considering the recovery from the financial crisis, we are experiencing a boom in home prices.”
Let us just say up front that the inflation figures make the NAR look honest.
I just checked and zillguess has my home up 8.5% last month and predicts plus 2.5% over the next year.
Trust no one and get good help.