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Case-Shiller: Four Years From the Peak

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By Invictus - July 27th, 2010, 11:30AM

The Case-Shiller Index printed this morning, so a bit of chart/table porn is in order.

Below is a 20-in-1 look at the Composite 20 (both the chart and the table are NSA):

19 of the 20 metro areas showed sequential gains for the month, the only laggard being Las Vegas.

Here’s a nostalgic city-by-city look back at the two year period that defined the peak of the bubble, and where we stand now.  Interestingly, Boston was the first city to peak, in September 2005.  Charlotte brought up the rear, peaking two years later in August 2007.

(Please click through the image for clarity.)

PERMALINK
Category: Cycles, Data Analysis, Economy, Markets, Real Estate.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Case-Shiller: Four Years From the Peak”

  1. super_trooper Says:
    July 27th, 2010 at 12:04 pm

    Are these inflation adjusted?

  2. Invictus Says:
    July 27th, 2010 at 12:24 pm

    @super_trooper

    I am fairly certain they are not.

  3. napster Says:
    July 27th, 2010 at 12:36 pm

    I don’t have the time to do this, but it would be nice to see that graph over a longer period of time than 10 years. Like maybe from 1980(pre-recession) and then 1984(post-recession) or from 1970 to the present.

    The case can be made that houses were over-valued in 2000 relative to median income. Incidentally median income has not changed since 1972, or it has been within a $2,000 range since 1972 (34,000 to 36,000 I think) — that means 50% below and 50% above for those of you would don’t understand what the median is.

    Now if we have a home-ownership level of 65%, that means 65-50 = 15% of the homeowners make less than the median income. I would imagine then that there are a lot of low income homeowners out there who are homeowners because they are married or have a two-wage ownership relationship. Given the economic pressures on this type of homeowners, we have to wonder whether the national divorce rate of 40% is relevant to the current housing market right now.

    I also think the best thing to do would be to measure the price of 3 brackets of housing (lower, middle, upper income).

  4. tenaciousd Says:
    July 27th, 2010 at 12:41 pm

    I wish they would let Edward Tufte rework that chart.

  5. ACS Says:
    July 27th, 2010 at 12:48 pm

    Think AIG has adjusted their models yet?

  6. carrottop Says:
    July 27th, 2010 at 12:54 pm

    in 10 yrs,
    total us inflation was around 25%,

    so, if u bought in:
    detroit, vegas, cleveland, atl, phoenix, charlotte, dallas, chi town or minneapolis,
    bad investmt.

    now,
    from peak,
    charlotte, dallas and denver
    have not fallen more than 10%.
    which may indicate strength when real estate picks up steam again….

  7. Paul S Says:
    July 27th, 2010 at 4:14 pm

    Wow Las Vegas is really takin’ the hurt. But people should have known better when their homes were more expensive than NYC’s.

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