Case Shiller Tiered Index (Nominal)

100
150
200
250
300

50

0
Jan-87
Sep-87
May-88
Jan-89
Sep-89
May-90

Low - Middle
Jan-91
Sep-91
May-92
Jan-93

LOW TIER (Under $290745)

Sep-93
May-94
Jan-95
Sep-95
May-96
Jan-97
Sep-97

Low - High
May-98
Jan-99
Sep-99
(Nominal $)

May-00
Jan-01
Sep-01
May-02

MIDDLE TIER ($290745 - $458065)

Jan-03
Sep-03
May-04
Jan-05
Case Shiller Tiered Index (Dec 2010) V Tiered Index Δ

Sep-05
Middle - High

May-06
Jan-07
Sep-07
May-08
HIGH TIER (Over $458065)

Jan-09
Sep-09
May-10
0
20
30
40
50
60
70
80

10
Kettle1 Research

-20
-10

Tiered Index Δ
 Case Shiller Tiered Index (Adj 2010 $)

50
100
150
200
250
300

0
Jan-87
Sep-87
May-88
Jan-89
Sep-89
May-90

Low - Middle
Jan-91
Sep-91
May-92
Jan-93

LOW TIER (Under $290745)

Sep-93
May-94
Jan-95
Sep-95
May-96
Jan-97
Sep-97

Low - High
May-98
Jan-99
(Adj $)

Sep-99
May-00
Jan-01
Sep-01
May-02

MIDDLE TIER ($290745 - $458065)

Jan-03
Sep-03
May-04
Jan-05
Case Shiller Tiered Index (Dec 2010) V Tiered Index Δ

Sep-05
Middle - High

May-06
Jan-07
Sep-07
May-08
HIGH TIER (Over $458065)

Jan-09
Sep-09
May-10
0
20
40
60
80
Kettle1 Research

-20
100

Tiered Index Δ