San Diego home prices fell again in June and turned negative for the last 12 months in what the authoritative Case-Shiller index termed “a remarkable transformation” from the boom years.
Prices for single-family homes fell 0.31% in June following a 0.08% decline in May, and are down 0.61% for the past 12 months.
While Tampa was the worst major market, “several Western markets including San Diego and San Francisco have joined the negative column — a remarkable transformation from their earlier boom years,” said Nicholas Godec of S&P Dow Jones Indices…