Case-Shiller: Another 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:

November 2011
Month to Month: Down 1.0%
Year to Year: Down 5.4%
Prices at this level in: August 2003
Peak month: September 2006
Change from Peak: Down 40.2% in 62 months
Low Tier: Under $293,455
Mid Tier: $293,455 to $482,454
Hi Tier: Over $482,454

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: Another Winter for Home Prices