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I've always heard 2 months lag, but you may be right.
And correct about the Nor-Cal SFH detail.
I've always wanted to find a way to customize the C-S index for zip code and/or price tier. That would be interesting!
And for those that want the indexes in downloadable (xls) format: http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----
The thing to notice here is that from March 2012 to September 2012 (only 6 months time), the market went from index 126 to 143 in Northern CA. That's a 13.5% gain in only 6 months!
For those that need a refresher on the Case Shiller Housing Index, the investopedia.com link is pretty good:
http://www.investopedia.com/articles/mortgages-real-estate/10/understanding-case-shiller-index.asp#axzz2E8Jy9yJg
#housing