San Diego's 15-month Price Increase Ends

San Diego County's housing market, which led the country in price increases for 15 straight months, has turned negative in August and the rest of the nation's housing markets also seemed to stumble.

The Case-Shiller Home Price Index for San Diego dropped a slight 0.6 percent from July to August, the first downturn since May 2009.

San Diego wasn't alone. Fourteen of the other 20 major markets also were down month over month. The overall index for the 20 metro areas was down 0.2 percent after four consecutive months of increased prices.

However, on a year-over-year basis, San Diego was up for the 10th straight month by 6.9 percent and the national index was up the seventh time by 1.7 percent. This was San Diego's smallest year-over-year change since January's 5.86 percent.