The Case-Shiller HPI numbers are out for December. Worse news than the snow for San Diego.
The low-, mid-, and high-priced tiers were respectively down 3.8%, 3.3%, and 3.1% from the prior month.
The aggregate index was down 3.4%. The pace is picking up for the correction on the high-end -- December represents the first monthly decline of over 2% (let alone over 3%) for that tier.
The tally for calendar year 2007 was: -23.1% for the low tier (Gulp !!), -16.0% for the middle tier, -8.6% for the high tier, and -15.0% overall.
Read the Standard & Poors Fact Sheet on how the Case - Shiller Index works. and get all the data sheets relating to historical prices and Q4 2007 published 26th Feb 2008 here
Lord Patel said on January 3rd 2007 "If you live in the US ... the only thing you will buy cheaper in a year's time is your house." see The Mysterious case of the disappearing M3