Value Stabilization Continues

The Monthly Case Shiller Value Analysis data were released today. One of the sets provided by this analysis measures values in terms of tiered pricing; lower-priced homes, mid-priced and high-priced. I've been plotting the numbers for South Florida from the peak of the market to the present. It appears that values are leveling off as follows:

Low-Priced Tier (up to $267,899 at peak) reduced just over 60% today

Mid-Priced Tier (between $267,899 and $393,966 at peak) reduced around 50% today

High-Priced Tier (over $393,966 at peak) reduced by roughly 42% today.

While this stabilization seems logical against historical trends, the big spectre right now is a looming surge in foreclosures yet to hit the market. Some prognosticators predict a significant increase in the inventory of un-sold homes in coming months...so stay tuned.