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Case-Shiller Index: San Diego home prices fall for third straight month
['Chris Jennewein', 'Times Of San Diego', 'More Chris Jennewein', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width']
Times of San Diego
(File photo by Times of San Diego staff)Home prices in San Diego declined in July for the third month in a row amid a nationwide slowdown in the housing market, according to the authoritative Case-Shiller Index released this week.
Year-over-year, San Diego homes were worth 0.66% less, or $6,600 on a $1 million home.
“The high-cost Western markets continue to struggle: San Francisco is –1.9% year-over-year, San Diego is –0.7%, and Los Angeles is essentially flat at +0.2%,” said Nicholas Godec of S&P Dow Jones Indices.
home values have essentially stagnated after inflation,” Godec said.
“July’s results reinforce that the housing market has downshifted to a much slower gear,” he said .