Well, that was a weird coincidence. Less than a week after I wrote about the idea of trying to track different market segments, S&P announced that they will now offer three Case-Shiller indexes for low-, medium-, and high-priced San Diego homes (in addition to the original aggregate index). This will be far better than whatever I would have done because Case and Shiller use same-home sales for their comparisons.
Watch this space for a possibly excessive collection of new charts.
Thanks Rich – just looked at
Thanks Rich – just looked at the data for LA…striking increase in the low end of the market compared to high end…will be a great new metric to play with!
Low end home values
Low end home values increased at a higher rate than high end home values. Note that the decrease in low end values is also greater than the decrease in high end values. This makes sense. The rate of decline in an asset can often be proportional to the rate that the asset increased.
Asterix
Keep those charts and
Keep those charts and letters comin’ man.