Let’s check in on the S&P/Case-Shiller Home Price Indices (HPI). Here’s a summary of the latest data for the Los Angeles area, which includes LA and Orange Counties:
Month to Month: Down 0.1% (raw)
Month to Month Down 0.9% (seasonally adjusted)
Year to Year: Down 19.8%
Change from Peak: Down 41.9% in 32 months
Since Case-Shiller lumps LA and Orange Counties together, I won’t repeat everything I wrote on the LA Sweet Digs blog. For more analysis and some graphs of the LA Case-Shiller data, check out my post over there: Case-Shiller: Los Angeles Price Drops Continue Moderation.