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September Case-Shiller Home Prices


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The chart to the right maps out the three tiers of the Case-Shiller Home Price Index from their respective peaks through to the recently-released September figures.

The high-priced home category dropped as expected, declining 1.5 percent from August's number. What was less expected was the abuse endured by the low-priced tier, which fell a brutal 3.6 percent in just one month. The middle category fared best of all, dropping a comparatively small 1.2 percent for the month.

According to the Case-Shiller HPIs, aggregate resale home prices as of September were down 7.2 percent for high-priced homes, 12.3 percent for mid-priced homes, and 16.4 percent for low-priced homes.

People with questions about the calculation of these indexes and price tiers are directed to the prior article.

-- RICH TOSCANO

A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

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This Just In

Where Are They Now?:

 Former Harborside School director moving to island school. » Dec. 12 -- 5:20 pm



School Board Gets New Prez:

 Katherine Nakamura selected as new board chief.

Dec. 12 -- 5:05 pm


More on Nuclear:

 What the national press is saying about nuclear power.

Dec. 12 -- 5:05 pm


MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

More Letters to an Un-savvy Aunt :

  'I have an extra room in my house ... come in out of the snow and ice' and more of your opinions on the real estate market for 2007.

Dec. 12 -- 3:25 pm



LETTERS TO THE EDITOR

Who would come? :

  The New York Times commentary urging people to visit San Diego in 2008 doesn't give nearly enough information.

Dec. 12 -- 2:47 pm



CAFÉ SAN DIEGO

Border Crossings Aren't Working :

  It will take an infusion of government funds and private sector knowledge to get a plan that works to accommodate the trucks, cars, people and security issues we have at the busiest land border crossing in the world.

Dec. 12 -- 5:31 pm



COMMENTARY: SLOP

How Calderon Emerged :

  A former city official remembers the hiring of an outside auditor for the city that the SEC now says committed fraud.

Dec. 11 -- 4:12 pm



COMMENTARY: RICH TOSCANO

In for a Surprise :

  A prominent local realtor makes yet another attempt to scare people into buying real estate.

Dec. 12 -- 10:53 am

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