Case/Shiller data for the NY Metro Area shows the following:

  • Prior Peak
    • We peaked in September 1988 at 85.54
    • We bottomed in April 1991 at 72.29, a drop of 15.5%
    • We climbed next hit the prior peak of the index of 85.54 in May of 1998, an 18% gain, officially passing it in June of 1998 at a 2.4% CAGR
  • The index is anchored at January 2000 at 100
  • Our Current Peak
    • It peaked at 215.83 in June 2006, a 116% increase from January 2000 and a CAGR or 12.6% and a 7.6% CAGR from the prior trough
    • The last reading is 192.92 for July, which is 10.6% off the peak and would represent an 8% CAGR from 2000 and a 5.9% CAGR from the prior trough
      • A reading of 150 in May 2009 would yield a 4.1% CAGR from the prior trough

      • Futures are pricing

        • A reading of 179 in May 2009, which would yield a 5.2% CAGR

        • A reading of 162 in May 2010, which would yield 4.3% CAGR