Case-Shiller: Middle Tier Home Prices Fall Fastest in February

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:

February 2010
Month to Month: Down 0.7%
Year to Year: Up 5.3%
Prices at this level in: November 2003
Peak month: September 2006
Change from Peak: Down 37.3% in 41 months
Low Tier: Under $301,855
Mid Tier: $301,855 to $506,568
Hi Tier: Over $506,568

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: Middle Tier Home Prices Fall Fastest in February