Case-Shiller: Get Ready for a Long Winter for Home Prices

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:

September 2011
Month to Month: Down 0.8%
Year to Year: Down 4.2%
Prices at this level in: September 2003
Peak month: September 2006
Change from Peak: Down 38.7% in 60 months
Low Tier: Under $300,607
Mid Tier: $300,607 to $497,198
Hi Tier: Over $497,198

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: Get Ready for a Long Winter for Home Prices