The Case-Shiller Index shows that Chicago-area homes have continued to lose value through August 2011, even as the 10-city and 20-city national indices show a pause in plummeting values. The 10-city index and the 20-city index arrested their free-fall in May 2009. At that point, they were 33% and 32% off their peaks, reached in [...]
Tag Archives | Case-Shiller
Case-Shiller: Minor increase for Chicago’s condos, lowest tier
Improvements for the bottom tier of homes drove the almost imperceptible increase in the Chicago Case-Shiller index announced this morning. The charts below show that the index remains 6% below year-ago levels and increased just 0.3% over the last month. The latest release covers June, July, and August 2011, so there is a lag and [...]
Woes continue for Chicago’s lowest tier
The latest volume of Chicago Housing Quarterly, for 4Q 2010, shows the lowest tier of Chicago homes had a rough end to 2010, continuing the woes we have reported in the past. The chart attached shows the Case-Shiller Index by tier, with 1/3 of home sales assigned to each tier. The index is a paired-sales [...]
Update: Lowest tier rose fast, fell hard across U.S.
Last week, I updated a chart showing the three tiers of Chicago homes and how they have fallen since the recession. The result was that the lowest-priced homes increased more in value, and then fell more in value, than the other two tiers. The New York Times did a similar analysis (“Value Sinking Fastest for Homes Priced [...]
Chicago’s low tier hammered in latest S&P data
The lowest-priced tier of homes in the Chicago region lost almost 5 percent of value in the most recent monthly release of the Case-Shiller home price index. It is the second-largest monthly decline of the recession. The lowest tier has now lost 42 percent of value from the peak of the housing market in Q3 [...]
Lower-priced homes most volatile
Homes priced in the bottom tier in the Chicago region have fallen in value 38% from their peak in Q3 2007, whereas homes in the top tier have lost just 22% in the same time period, according to the Case-Shiller tiered index. The top tier is defined as homes above $288,470; the middle tier, which [...]
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