Case-Shiller: August Data Points to Imminent Home Price Double-Dip

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:

August 2010
Month to Month: Down 0.4%
Year to Year: Up 5.4%
Prices at this level in: December 2003
Peak month: September 2006
Change from Peak: Down 35.9% in 47 months
Low Tier: Under $313,392
Mid Tier: $313,392 to $516,759
Hi Tier: Over $516,759

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: August Data Points to Imminent Home Price Double-Dip

  • http://www.lagunaoc.com Laguna beach realtor

    It was a nice post, thanks for sharing it with us. The prices seem to fall further with time. IT is a great opportunity fir buyers to utilize this time.

  • http://housedetectiveonline.com House Detective

    I would think this level is quite attractive for new buyers to take the plunge. Hopefully there won't be another dip.