Case-Shiller Posts January 2010 Numbers

Standard & Poor’s delayed the release of the January Case-Shiller numbers.

The year-over-year increase of 3.9% might be considered worrisome, as it is a reflection of low inventory vs. demand.  As the”phantom inventory” of foreclosures held by banks is released there may be a reverse.

June 2009  vs. August 2006 (market peak in Los Angeles)                <39.1%>

August 2009 vs. August 2008                                                                         <12.0%>

September 2008 vs. September 2009                                                          <09.0%>

October 2009 vs. October 2008                                                                      <06.3%>

November 2009 vs. November 2008                                                           <03.5%>

December 2009 vs. December 2008                                                               00.0%

January 2010 vs. January 2009                                                                      +03.9%

Monthly rate of change December 2008 through January 2009 (current month vs. prior month)

January                                                                                                <02.8%>

February                                                                                              <02.2%>

March                                                                                                    <01.7%>

April                                                                                                       <01.4%>

May                                                                                                         <00.1%>

June                                                                                                         +01.1%

July                                                                                                          +01.8%

August                                                                                                    +01.6%

September                                                                                            +00.8%

October                                                                                                  +00.3%

November                                                                                             +00.8%

December                                                                                              +01.0%

January 2010 vs. December 2009                                                  +00.9%

The reported month (always two behind the reporting calendar month) will represent only changes from year-prior and month-prior levels.

**Los Angeles Market area-specific Case Schiller Index data of “same house” sale comparisons (vs. the    typical “median price” comparisons) for December ’08.