Case-Shiller: OC Area Prices Still Creeping Up
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:
Month to Month: Up 0.8% (raw)
Month to Month: Up 1.0% (seasonally adjusted)
Year to Year: Down 3.5%
Prices last at this level in: January 2009, October 2003
Peak month: September 2006
Change from Peak: Down 38.0% in 38 months
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: LA Area Prices Still Creeping Up