Case-Shiller: More Home Price Drops as 2011 Kicks Off

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:

January 2011
Month to Month: Down 0.6%
Year to Year: Down 1.8%
Prices at this level in: October 2003
Peak month: September 2006
Change from Peak: Down 38.0% in 52 months
Low Tier: Under $305,699
Mid Tier: $305,699 to $500,519
Hi Tier: Over $500,519

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: More Home Price Drops as 2011 Kicks Off