The Case-Shiller Home Price Index is a lagging index (by two months), but is an accurate indication of home price movement. The S&P CoreLogic Case-Shiller Los Angeles Home Price NSA Index measures the average change in value of residential real estate in Los Angeles given a constant level of quality.
Attached is the latest chart for Los Angeles, and a breakdown of the top 20 metro areas of the United States.
Los Angeles is still showing solid appreciation at 5.3% year over year, and .4% monthly. Inventory is still tight, so appreciation will continue to be solid going into spring.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth