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Home price index still tumbling in San Diego

Posted on Oct 29, 2008

Area has fourth-highest plunge among 20 cities

STAFF WRITER

October 29, 2008

San Diego County's three-year housing slide eventually will hit bottom and turn back up. The questions are when, and how we will know we're there.

So far, the data show little indication that we're close. The widely followed Standard & Poor's/Case-Shiller Home Price Index yesterday showed prices in San Diego County down 25.8 percent in August from a year earlier, and prices nationwide down 17.7 percent.

From July to August, San Diego prices dropped 2.3 percent, fourth-highest of the 20 cities the index tracks.

Read More: http://www.signonsandiego.com/uniontrib/20081029/news_1n29housing.html



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