The Lower the Price the Bigger the Fall

The S&P/Case-Shiller Home Price Indices include tiered indices for 17 of the 20 cities which show how prices for low-price, mid-price and high-price homes compare.  The table shows the percentage change over the 12 months ending in March 2011 for the three tiers for each city covered.  The red number in each row is the lowest for that row.   More often than not, the price index with the largest drop is the one for the low price homes.   Two related factors that account for the weaker results for lower priced houses are sub prime mortgages and foreclosures.   Many of the more infamous mortgage practices were among the lower priced houses and, as a result,  foreclosures tend to concentrate in the same segment.

Low Prices and Falling Prices

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5 Comments

  1. Anke Weekes says:

    What’s considered low, medium and high price in Chicago?

  2. Greg says:

    Love the info, but how would you find the same date for where I do buisness, i.e. Kansas City?

  3. David Blitzer says:

    Greg,

    Here is some information that will help you find additional data:
    The S&P/Case-Shiller indices cover 20 MSAs, a National Composite, a 20-City Composite and a 10-City Composite. Twenty-two of these are published monthly, on the last Tuesday of each month. The National is published on the last Tuesday of each quarter.

    If you are looking for more regional granularity, you might find it with our partner Fiserv. Please contact ma.customerservice@fiserv.com or 866-279-3622.

    Thanks.

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