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San Diego ranks 2nd in Case-Shiller July housing index

Behind San Francisco and somewhat slower than in June

Roger Showley, SAN DIEGO UNION-TRIBUNE

Tuesday, September 28, 2010

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Kelly Cunningham, an economist at the National University System’s Institute for Policy Research and a member of the U-T’s EconoMeter panel of economists, said he was surprised San Diego prices have recovered at all.
“Our employment numbers are still very stagnant and weak and the unemployment rate persists in being high (at 10.6 percent in August),” Cunningham said. “We’re not seeing job growth that would suggest higher demand and housing prices increasing.