Case-Shiller: Home Price Double-Dip Warning Signs Mount

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:

July 2010
Month to Month: Up 0.3%
Year to Year: Up 7.5%
Prices at this level in: December 2003
Peak month: September 2006
Change from Peak: Down 35.7% in 46 months
Low Tier: Under $313,258
Mid Tier: $313,258 to $516,513
Hi Tier: Over $516,513

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: Home Price Double-Dip Warning Signs Mount