Arizona Real Estate Notebook

Arizona real estate news by John Wake, Associate Broker, HomeSmart

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Case-Shiller Home Price Indices updated through December 2007

February 27th, 2008 · 2 Comments

The home price depreciation in Phoenix continues to accelerate according to the latest Case-Shiller numbers.

From November to December the Phoenix Home Price Index fell 3.6% which was even larger than the crazy large decline the previous month, 3.2%. From June to December prices fell 11.7%. Yikes!

If anything close to that rate continues, Phoenix home prices should “bottom out” in 2008.

The Case-Shiller index, however, obscures the large differences within metro Phoenix sub-markets.

2008-02-26-case-shiller-price-index.png

Tags: Arizona Real Estate News

2 responses so far ↓

  • 1 Dave Smith // Mar 25, 2008 at 3:25 pm

    John,

    Where do you get these PDF press releases on the Case-Shiller Report.

    I can’t find them on the S&P Website. I see the raw data downloads but don’t know where to find the press release pdfs. Help!

  • 2 John Wake - Real Estate // Mar 25, 2008 at 8:49 pm

    From their website, it’s something like; United States/ About S&P/ Press Room/ News (left nav)/ Indices tab (top nav)

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