Higher-Priced Homes Still Sitting Out the Rebound

Submitted by Rich Toscano on January 29, 2010 - 12:51pm

Earlier this week, Kelly Bennett gave us the lowdown on the Case-Shiller home price data for November.  I'm going to just add a couple of things.

First, I have updated the requisite post-peak chart...


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I must have said this a dozen
Submitted by 34f3f3f on February 1, 2010 - 6:43pm.

I must have said this a dozen times, but I still don't understand how we can see what the original high tier (circa $700k) is doing, if now it is including prices from this much lower number of $453k? Going by just listings data over the last two years, in some areas (not necessarily SD) I've seen many $1m homes in the $800k or less range, and many still seem to be selling below listing. Is it possible that homes prices over $750k have actually continued to decline during this hiccup?