The widely watched Case-Shiller home price indexes show values in Los
Angeles and Orange counties still 10 percent below their all-time high.
Standard & Poor’s reported that the Case-Shiller L.A.-O.C. price
index for April was still working to top its September 2006 high after
rising 55 percent off its post-recession bottom of February 2012. The
L.A.-O.C. index was up 6 percent for the 12 months ended in April.
L.A.-O.C. values by this math weren’t alone in remaining below peak
levels. In April, 13 of the 20 major markets tracked had yet to recoup
losses from the housing collapse. The 20-city composite U.S. index for
April was 10 percent its old high.
Las Vegas is still 37 percent below its recent peak even after rising
65 percent from the post-recession bottom. Phoenix is 30 percent off
its top despite a 58 percent jump off its cyclical low.
Case-Shiller shows seven markets in April at all-time high pricing
among the 20 tracked are: San Francisco, up 93 percent vs. bottom;
Denver, up 51 percent vs. bottom; Boston, up 28 percent vs. bottom;
Charlotte, up 28 percent vs. bottom; Portland, up 54 percent vs. bottom;
Dallas, up 44 percent vs. bottom; and Seattle, up 53 percent vs.
Reprinted from Orange County Register - Jonathan Lansner
The S&P/Case-Shiller Home Price Indices are calculated monthly using
a three-month moving average. Index levels are published with a
two-month lag and are released at 9 am EST on the last Tuesday of every
month. Index performance is based on non-seasonally adjusted data.