Want the news summarized?
Subscribe to The Morning Report.
If you haven’t already, check out Rich Toscano’s graphs made from the newest Standard & Poor’s/Case-Shiller index.
Toscano takes the numbers and adjusts them for inflation, essentially showing how home prices have changed compared to everything else.
Home prices have fallen more by this measure than they have in actual dollars, Toscano found:
After accounting for inflation, even high-end home prices are down nearly a third from the peak. Low-priced homes have dropped almost in half by this measure.
Compared to that, in the unadjusted index, the highest tier has fallen 22 percent from the peak, and the lowest tier has dropped 42.6 percent.
Here’s our full story on the Case-Shiller index for August, which came out on Tuesday.