Case-Shiller: A Brutal 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:

January 2012
Month to Month: Down 0.8%
Year to Year: Down 5.4%
Prices at this level in: July 2003
Peak month: September 2006
Change from Peak: Down 41.3% in 64 months
Low Tier: Under $287,174
Mid Tier: $287,174 to $465,376
Hi Tier: Over $465,376

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: A Brutal Winter for Home Prices

  • Research

    Which is why we are asked to pay prices comparable to that of bubble in 2004, right?