1. Housing Price Bubble
Housing price trends in US are usually measured by an indicator known as the Case-Shiller index
Index constructed from repeated sales of single family homes
Data from a sample of 20 metropolitan areas goes back to year 2000
Data from a subsample of 10 metropolitan areas goes back to 1987

2. From 1987 to 2000 housing prices in the urban areas rose 2% per year
From 2000 to 2006 prices were increasing at a rate of 13% a year
Average housing prices doubled over the sample of urban areas from 2000 to 2006

3. From 2006 through 2009, housing prices fell roughly 11.5% per year
Prices began to rise in 2012

5. Metropolitan Areas with largest housing decline over 2007-2008
Metro Area   
October 2008 Price Index   
Year-over-Year change   
Phoenix
135.18
-32.70%
Las Vegas
142.57
-31.70%
San Francisco
139.44
-31.00%
Miami
173.42
-29.00%
Los Angeles
179.82
-27.90%
San Diego
159.12
-26.70%
Detroit
86.1
-20.40%

6. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2009 Price Index
Year-over-Year Change
Phoenix
110.71
-18.10%
Las Vegas
104.70
-26.65%
San Francisco
135.81
-2.60%
Miami
149.09
-14.03%
Los Angeles
168.43
-6.33%
San Diego
155.37
-2.36%
Detroit
73.07
-15.13%

7. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2010 Price Index
Year-over-Year Change
Phoenix
105.97
-4.28%
Las Vegas
100.97
-3.57%
San Francisco
138.84
2.23%
Miami
144.03
-3.39%
Los Angeles
174.05
3.34%
San Diego
159.99
2.97%
Detroit
68.86
-5.52%

8. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2011 Price Index
Year-over-Year Change
Phoenix
100.54
-5.12%
Las Vegas
92.36
-8.53%
San Francisco
132.34
-4.68%
Miami
138.20
-4.22%
Los Angeles
165.51
-5.16%
San Diego
152.86
-4.66%
Detroit
72.82
5.44%

9. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2012 Price Index
Year-over-Year Change
Phoenix
122.39
21.73%
Las Vegas
100.14
8.42%
San Francisco
144.15
8.92%
Miami
149.97
8.52%
Los Angeles
175.85
6.25%
San Diego
162.10
6.04%
Detroit
80.82
11.02%

10. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2013 Price Index
Year-over-Year Change
Phoenix
144.49
18.06%
Las Vegas
127.23
27.05%
San Francisco
179.55
24.56%
Miami
173.63
15.77%
Los Angeles
214.65
22.06%
San Diego
194.07
19.72%
Detroit
94.77
17.26%

11. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2014 Price Index
Year-over-Year Change
Phoenix
147.56
2.12%
Las Vegas
137.13
7.78%
San Francisco
196.33
9.35%
Miami
190.09
9.48%
Los Angeles
225.11
4.87%
San Diego
203.01
4.61%
Detroit
98.24
3.66%

12. Year-over-Year Change
Metropolitan Areas
Metro Area
October 2015 Price Index
Year-over-Year Change
Phoenix
155.88
5.64%
Las Vegas
144.87
San Francisco
217.73
10.90%
Miami
205.07
7.88%
Los Angeles
238.86
6.11%
San Diego
215.62
6.21%
Detroit
103.24
5.09%