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
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