Below is a chart of San Diego City building permit from 1894 to 1989 as found in Jon Strebler’s San Diego Housing Prices, 1887-1989: The Myth of Invincibility.
Strebler was often quoted in Richard Russell’s Dow Theory Letters and was kind enough to send us a copy of his Myth of Invincibility many years back.
Two indicators of the California real estate market that we’re tracking are the median price of existing detached homes and the violations of California regulations for real estate licensees, agents, brokers and non-licensed individual/firms involved in real estate transactions*. Below we have the monthly and 12-month moving average data for these two series from 1990 to the present.