The May reading for the S&P Case-Shiller Index, released today, substantiated what we’ve known for quite some time: the SF home market (though the Index is for the 5-County Metro Area) is rapidly accelerating. Since the Index is a rolling 3-month average and published 2 months after the title month, it is always 3-4 months behind what is actually occurring in the market between buyers and sellers.

Our entire report on the Case-Shiller Index is on the Paragon Market Dynamics section here: http://paragon-re.com/Case_Shiller_Index_Deciphered_for_SF