The Case-Shiller HPI numbers for December were released today. The low-, mid-, and high-priced tiers were respectively down 3.8%, 3.3%, and 3.1% from the prior month. The aggregate index was down 3.4%. The pace is picking up for the correction on the high-end — December represents the first monthly decline of over 2% (let alone over 3%) for that tier.
The tally for calendar year 2007 was: -23.1% for the low tier, -16.0% for the middle tier, -8.6% for the high tier, and -15.0% overall.
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Yet Another Bad Month for the Case-Shiller HPI
The Case-Shiller HPI numbers for December were released today. The low-, mid-, and high-priced tiers were respectively down 3.8%, 3.3%, and 3.1% from the prior month. The aggregate index was down 3.4%. The pace is picking up for the correction on the high-end — December represents the first monthly decline of over 2% (let alone over 3%) for that tier.
The tally for calendar year 2007 was: -23.1% for the low tier, -16.0% for the middle tier, -8.6% for the high tier, and -15.0% overall.