(See recent posts on Phoenix Case-Shiller Home Price Index.)
The Case-Shiller Home Price Index measures home price appreciation and as recently as last year, depreciation.
[I might come back and make comments on the chart. Right now I just wanted to get it online.]
Phoenix AZ Case-Shiller Home Price Index
Tier Breakpoints (May 2012)
- Low Tier – Up to $116,712
- Middle Tier – $116,712 – $196,077
- High Tier – $196,077 and up
The Case-Shiller Home Price Index is the best estimate of actual home price appreciation (or depreciation). The downside to the Case-Shiller Index, however, is that it runs a little old, the most current data is only through May 2012.
The Singularity. The 3 price levels will get close to each other again around the 130-140 index range. Let’s call this the Singularity… just for fun.